New Risk • May 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.82m) This is considered a major 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$4.6m free cash flow). Earnings have declined by 22% 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$9.82m). New Risk • Mar 05
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$4.6m 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$4.6m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$21.2m market cap, or US$15.5m). Tillkännagivande • Jan 17
Ramp Metals Inc. Confirms Multiple Targets with Winter Drilling Set to Begin Ramp Metals Inc. announced the results of the Company's fall 2025 field program at its Rottenstone SW project in Saskatchewan. A mapping and sampling program was undertaken over the new and existing electromagnetic (EM) anomalies highlighted in the most recent HTDEM geophysical survey. The Company announced the results of the company's fall 2025 field program at the Rottenstone SW project. The company completed the first ever drill program at Rush during the winter 2025 drill program. During the winter 2025 season, the company completed the first ever drill programs at Rush. The company completed the first first ever drill program at Rush. During the winter 2025 program, the Company completed the first ever drill program in Rush during the winter 2025 drill programs. The company completed the firstever drill program at Rush. The company completed The company completed the first ever drilling program at Rush. During the summer 2025 season, the company completed The company completed the First Quarter 2025 drill program at Rush. During The company completed the first ever Drill program at Rush. During the Winter 2025 season, the company completed its first ever drill program at Rush". During the winter 2025 season, The company completed the first ever drilled program at Rush. During the spring 2025 season, the Company completed the first first ever drill Program at Rush. During the winter 2020 season, the company completed the First Quarter 2025 Drill program at Rush. During The Company completed the first ever drill programs in the winter 2025 season. The company completed the first Ever drill program at Rush. During its winter 2025 season, the company announced the first ever drill program atRush. During the winter 2025 season. The Company completed the first ever drilling program At Rush. During the winter 2025 season., the company completed the first ever drilling programs at Rush. During the winter 2022 season, the company completed the the first ever drill program at rush. During the winter 2025 season), the company completed the first ever drilled programs at Rush. The company announced that the company completed the first ever Drill Program at Rush. The company completed its first ever drill programs at Rush during the winter 2025 drilling program. During the winter 2025 year, the company completed the first first ever drilling program at Rush during the winter 2020 drill program. The company completed the first any drill program at Rush. During, the company completed the firstever drill programs at Rush. During the summer 2020 season, the company completed The Company completed the first ever drilled program in the winter 2025 drill program at Rush. 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$4.1m 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$4.1m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.47m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.27m) This is considered a major 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 Revenue is less than US$1m. Market cap is less than US$10m (CA$13.0m market cap, or US$9.27m). Minor Risk Share price has been volatile over the past 3 months (20% average weekly change). New Risk • Aug 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$16.6m market cap, or US$12.0m). Tillkännagivande • Jun 06
Ramp Metals Inc. Completes Spring Drill Program and Announces Additional Mineralization At Rush Target Ramp Metals Inc. announced that the Company has completed its spring drill program on the Rottenstone SW property. The Company completed 20 drill holes for a total of 4,942 metres. Airborne geophysics using the Xcite HTDEM system, with 100-metre line spacing to provide high-resolution data for target refinement, was also completed over the entire Rottenstone SW property package. Highlights. 20 drill holes totaling 4,942 metres were completed, with every metre being sent for assays 8 holes totaling 2,116 metres were drilled at the Ranger target where 73.55 g/t Au over 7.5m was previously discovered in Ranger-001 drill hole. 10 holes were drilled at the Rush target with additional VMS style mineralization intersected in 150m step-out. 3 holes for a total of 968 metres were drilled at the Rogue target. Airborne magnetic and TDEM geophysical survey was completed over the remainder of the Rottenstone SW property using the Xcite HT DEM system. A total of 8 drill holes were completed at the Ranger target. Seven drill holes were completed around the Ranger-001 discovery hole. All 7 holes intersected significant widths of the quartz-diorite package which hosted the previously announced high grade gold intercept of 73.55 g/t gold over 7.5m as reported in the June 17, 2024 News Release. The remaining hole was designed to test a conductor located approximately 1.5km to the north-east, which was identified in the recently completed airborne geophysics. Altered tonalite and metasediments with Pyrrhotite mineralization were encountered. The hole was ended early at 200m due to time constraints. Management believes that further testing is warranted on the eastern Ranger anomalies. A total of 10 holes were drilled at the newly identified Rush VMS target. Semi-massive to massive sulphide mineralization was noted in 5 drill holes, with the presence chalcopyrite and sphalerite being confirmed with a Thermo Scientific™? Niton™? XL5 Plus handheld XRF analyzer. Minor amounts of galena were also noted. Rush-010 intersected net textured to semi-massive sulphide over approximately 4.16m from 21.4m-25.56m. Disseminated to blebby sulphides were also intersected to a depth of approximately 47m. This intersection represents a 150m step-out to the north-east from the initial discovery area where Rush 001, 002, 003, and 009 were drilled. Rush-010 was designed to intercept the outcrop found during the October 2024 field program at depth. Surface rock samples at this outcrop returned values of up to 1.61% copper, 0.79 g/t gold, and 113 g/t silver, as was previously reported in the January 20, 2025 News Release. Tillkännagivande • May 26
Ramp Metals Inc. announced that it has received CAD 3.464918 million in funding On May 26, 2025, Ramp Metals Inc., closed the transaction. The company issued an aggregate of 1,481,482 charity flow-through common shares at a price of CAD 2.07 per share for the gross proceeds of CAD 3,066,667.74, 295,000 common shares at a price of CAD 1.35 per share for the gross proceeds of CAD 398,250 for the total gross proceeds of CAD 3,464,917.74. All securities issued in the financing are subject to a hold period in Canada until September 24, 2025, in accordance with applicable securities laws. Alejandro Emiliano Gubbins Cox purchased 1,481,482 common shares in the capital of the company. Tillkännagivande • May 03
Ramp Metals Inc. announced that it expects to receive CAD 2.8 million in funding Ramp Metals Inc. announced a non-brokered private placement that it will issue up to 1,111,111 charity flow-through common shares at a price of CAD 2.07 per CFT share for gross proceeds of up to approximately CAD 2,299,999.77 and up to 370,370 common shares at a price of CAD 1.35 per common share for gross proceeds of up to approximately CAD 499,999.5 for the aggregate gross proceeds of up to CAD 2,799,999.27 on May 2, 2025. The offering is scheduled to close on or about May 23, 2025. The closing is subject to certain conditions, including the approval of the TSX Venture Exchange. Finders' fees may be paid, in accordance with TSX-V policies. All securities issued in connection with the offering will be subject to a hold period in Canada of four months plus one day. New Risk • Apr 29
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 18% 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 (18% average weekly change). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$42.3m market cap, or US$30.5m). Tillkännagivande • Apr 15
Ramp Metals Inc Provides Drill and Geophysics Update Ramp Metals Inc. announced that the Company has completed a geophysics program at its Ranger and Rush targets on the Rottenstone SW property, with the remainder of the property to be surveyed prior to the summer exploration season. The survey was flown using the Xcite HTDEM system, with 100-meter line space to provide high-resolution data for target refinement. Over Ranger, the survey, uncovered a series of EM anomalies to the east of the main Ranger target. The newly identified anomalies stretch for over 1900m along a NE-SW trending structure. The geophysics program also completed the dataset over the Rush copper target. The Rush target is a NE-SW trending conductive anomaly over 1100m in length. Rock samples from the October 2024 field program returned values of up to 1.61% copper, 0.79 g/t gold, and up to 113 g/t silver across different samples. In addition, soil geochemistry samples taken above the anomaly returned values up to 798.5ppm copper and 21,152ppb silver (21.15 g/t). New Risk • Apr 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% 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 Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$36.8m market cap, or US$25.9m). Tillkännagivande • Mar 12
Ramp Metals Inc., Annual General Meeting, May 23, 2025 Ramp Metals Inc., Annual General Meeting, May 23, 2025. Tillkännagivande • Mar 10
Ramp Metals Inc. Announces Receipt of Exploration Drill Permits Ramp Metals Inc. announced that the company has received the necessary permits from the Saskatchewan Ministry of Environment to commence exploration drilling at its Rottenstone SW property. The Company plans to drill three unique mineralized targets on the property, focusing on the gold discovery of 73.55 g/t Au over 7.5m that was identified in drillhole Ranger-01. The Ramp Metals team will be mobilizing to the property on March 12, 2025. Tillkännagivande • Jan 21
Ramp Metals Inc. Confirms New "Rush" Copper Discovery, Announces Mobilization for Geophysics Ahead of Drill Program Ramp Metals Inc. announced a new copper discovery found during its recently completed mapping and sampling program on its Rottenstone SW property. The Company has now confirmed three unique mineralized targets on the property, including the gold discovery of 73.55 g/t Au over 7.5m that was identified in drillhole Ranger-01. Key Highlights: Ramp Metals is pleased to share key highlights from its ongoing exploration efforts and upcoming plans at its Saskatchewan project: Rush Target: Surface rock samples returned values of up to 1.61% copper, 0.79 g/t gold, and 113 g/t silver, all overlying a 1,200-meter conductive anomaly, making this a highly prospective drill target. Rogue Target: Soil sampling results included gold values of up to 530.7 ppb (0.53 g/t), with multiple samples exceeding 100 ppb, highlighting the area's potential. Geophysics Program: Mobilization is underway for an estimated 2,877 line-km survey using the Xcite HTDEM system, with 100-meter line spacing to provide high-resolution data for target refinement. Advisory Team Expansion: Steve Balch has joined the advisory team to assist in interpreting geophysical data and optimizing drill target selection. Drill Program: The upcoming drill program will focus on all three targets, with the highest priority being the Ranger Gold discovery. The primary objectives at Ranger include delineating mineralization within a quartz-diorite intrusion and gaining a clearer understanding of the gold system's orientation. The mapping and sampling program lasted 14 days and focused on the Ranger, Rogue, and newly identified Rush targets. During this program, a total of 312 rock samples and 225 soil samples were taken throughout the Rottenstone SW property. Anomalous gold values up to 53 ppb were encountered. Field crews were not able to locate the surface expression of the large quartz diorite intrusive body that was intersected in the inaugural drill program. The diorite intrusion was intersected starting at 145.05m in the Ranger-01 discovery hole. Core orientation tools will be used in the upcoming drill program in order to gain a better understanding of the orientation of the mineralized system, and determine whether or not it outcrops at surface. The Rogue target is located approximately 3km NW from Ranger. Gold values of up to 530. 7 ppb (0.53g/t) were encountered in the soil samples, with multiple samples over 100 ppb. These samples, along with the high-grade gold, associated alteration, sulphides, and quartz-carbonate veining encountered in previous drilling, make for a compelling drill target for the upcoming program. The Company has contracted Axiom Exploration Group out of Saskatoon for an extensive airborne geophysical program in order to complete the magnetic and electromagnetic datasets over the entire Rottenstone SW property. an estimated 2877 line-km will be flown using the Xcite HT DEM system at 100m line spacing. The geophysical program, combined with the lab results from the above-noted mapping program will be used to define drill targets in the upcoming winter drill program. After working at Inco for six years in the Sudbury Basin and at Voisey's Bay Bay, the Company has contracted Axiom exploration Group out of Saskatoon for a extensive airborne geophysical program in addition to complete the magnetic and electromagnetic dataset over the entire RottenstoneSW property. An estimated 2877 line- km will be flown using the XCite HTDEM system at 100m line spaced. The geophysical program, Combined with the lab results from the below-noted mapping program will been used to define drill targets in The upcoming winter drill program. After worked at Inco for six years Inco for six years in The Sudbury Basin and at Voizey's Bay, the Company will be used to provide high-grade gold. Tillkännagivande • Aug 13
Ramp Metals Inc. announced that it has received CAD 4.937126 million in funding from EarthLabs Inc. On August 12, 2024, Ramp Metals Inc., closed the transaction. The company issued 4,090,546 charity flow-through common shares at a price of CAD 0.78 per share for the gross proceeds of CAD 3,190,625.88 and 3,175,454 common shares at a price of CAD 0.55 per share for the gross proceeds of CAD 1,746,499.7 for the total gross proceeds of CAD 4,937,125.58. One director of the company subscribed for 90,000 Common Shares in the Financing, valued at CAD 49,500. Tillkännagivande • Jul 18
Ramp Metals Inc. announced that it expects to receive CAD 4.499999 million in funding Ramp Metals Inc. announced a non-brokered private placement of up to 3,846,153 charity flow-through common shares at a price of CAD 0.78 per charity flow-through common share for gross proceeds of up to CAD 2,999,999.34; and up to 2,727,272 common shares at a price of CAD 0.55 per common share for gross proceeds of up to CAD 1,499,999.6; for aggregate gross proceeds of up to CAD 4,499,998.94 on July 17, 2024. The transaction will include participation from new lead investor Eric Sprott. The offering is scheduled to close on or about August 8, 2024. The closing of the offering is subject to certain conditions, including the approval of the TSX Venture Exchange. Finder's fees may be paid in accordance with TSXV policies. All securities issued in connection with the offering will be subject to a hold period in Canada of four months plus one day. Recent Insider Transactions • Jul 10
CEO & Director recently bought CA$65k worth of stock On the 8th of July, Jordan Black bought around 143k shares on-market at roughly CA$0.45 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jordan has been a buyer over the last 12 months, purchasing a net total of CA$93k worth in shares. New Risk • Jun 17
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 71% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$835k free cash flow). Share price has been highly volatile over the past 3 months (71% average weekly change). Shareholders have been substantially diluted in the past year (over 40x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.70m market cap, or US$3.42m). Minor Risk Less than 3 years of financial data is available. Board Change • Mar 25
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. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
