Board Change • Nov 17
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 02
Gold X2 Mining Inc. (TSXV:AUXX) signed a definitive agreement to acquire Kesselrun Resources Ltd. (TSXV:KES) from 1832 Asset Management L.P. for CAD 12.4 million. Gold X2 Mining Inc. (TSXV:AUXX) signed a definitive agreement to acquire Kesselrun Resources Ltd. (TSXV:KES) from 1832 Asset Management L.P. for CAD 12.4 million on September 30, 2025. The consideration consists of common equity of Gold X2 Mining Inc. at a ratio of 0.2152 per common equity of Kesselrun Resources Ltd. A cash consideration of CAD 0.02 million will be paid by Gold X2 Mining Inc. As part of consideration CAD 2 million is paid to certain creditors of Kesselrun Resources Ltd. Gold X2 has also agreed to provide Kesselrun with an interest-free bridge loan in the principal amount of CAD 0.5. Following completion of the Transaction, existing Kesselrun shareholders will own approximately 4.13% of the total issued and outstanding share capital of Gold X2.
The transaction is subject to approval by TSXV, approval of offer by target shareholders and subject to court approval. The deal has been approved by the board. The Transaction is anticipated to be completed on or about November 27, 2025.
DuMoulin Black LLP acted as legal advisor for Gold X2 Mining Inc. Morton Law LLP acted as legal advisor for Kesselrun Resources Ltd. Evans & Evans, Inc. acted as fairness opinion provider for Kesselrun Resources Ltd. Board Change • Oct 01
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 20
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 12
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 Shares are highly illiquid. Earnings have declined by 2.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.29m market cap, or US$2.35m). Board Change • Nov 21
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 04
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 07
Kesselrun Resources Ltd., Annual General Meeting, Dec 03, 2024 Kesselrun Resources Ltd., Annual General Meeting, Dec 03, 2024. Location: ontario, thunder bay Canada Board Change • Sep 21
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 09
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 17
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 04
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 28
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 30
Kesselrun Resources Ltd., Annual General Meeting, Nov 28, 2023 Kesselrun Resources Ltd., Annual General Meeting, Nov 28, 2023. Board Change • Sep 27
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 20
Kesselrun Resources Ltd. to Receive CAD 200,000 Grant from the Ontario Junior Exploration Program Kesselrun Resources Ltd. announced that it has been selected to receive up to CAD 200,000 from the Ontario Government's Junior Exploration Program ("OJEP") which will be used to fund geophysical and geological surveys of the 100% owned 9,100 hectare Bluffpoint Gold Project located approximately 50 kilometres northeast of New Gold's Rainy River Gold Mine. Board Change • Jul 14
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 10
Kesselrun Resources Ltd. Announces Final Drill Results from 2022 Drilling and Southern Geophysical Targeting Kesselrun Resources Ltd. provided the final drill results from the 2022 drilling as well as preliminary geophysical interpretations. Eight of the final eleven holes were drilled in the southern portion of the project area, on strike from the adjacent Moss Lake Gold Project, where outcrop exposure is below average. Seven of the eight drill holes intersected wide zones of shearing and alteration along with low grade gold mineralization, consistent with what is seen peripheral to the Moss Lake gold deposit. Seven of eight holes drilled in the southern area intersected wide zones of consistent low grade gold mineralization similar to what is seen on the far extents of the Moss Lake gold deposit. 22HUR183 intercepted 0.1 g/t Au over 317.7 m and 22HUR182 intercepted 0.3 g/t Au over 62.6 m including 0.9 g/t Au over 10.0 m. Zones of magnetic disruption associated with northeast trending structures on strike from the reconnaissance drilling identified as high priority targets for 2023. Interpretation of the geophysical data, as well as geological modelling, is ongoing over the entire project. In the Huronian Mine area preliminary analysis of the geophysical data shows excellent correlation between certain geophysical features and gold mineralization. It is expected that the targeting exercise in this area will assist in identifying new zones of gold mineralization as well as extensions of known zones. Exploration on Kesselrun's 100% owned Huronian Gold Project is focused on outlining and growing gold mineralization in the numerous known zones located in close proximity to the former producing Huronian Gold Mine as well as the discovery of new zones elsewhere on its underexplored and extensive 4600- hectare land package. The 100% owned Huronian Gold Project hosts the past producing Huronian Mine, Northwestern Ontario's first gold mine with an historic resource estimate of 44,592 oz Au at an average grade of 15.3 g/t Au in the indicated category and 501,377 oz Au at an average grade of 14.4 g/t Au in the inferred category. The resource estimate presented for the Huronian Project is historic in nature. Kesselrun Resources' qualified person has not completed sufficient work to confirm the results of the historical resource. Kesselrun Resources is not treating this as a current mineral resource but is considering it relevant as a guide to future exploration and includes it for reference purposes only. The historic resource was estimated by Minescape Exploration Inc. in 1998. Further drilling will be required by Kesselrun Resources to verify the historic estimate as current mineral resources. Board Change • Feb 04
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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 28
Kesselrun Resources Ltd. Receives Final Data on the NuTEM and Magnetics Survey Kesselrun Resources Ltd. received the final data on the NuTEM and magnetics survey initiated last year on the Huronian Gold Project. NUVIA Dynamics Inc. (‘Nuvia’) completed its acquisition and processing of the data from the 372- kilometre NuTEM Electromagnetics (‘NuTEM’) and Total Field Magnetic Intensity (‘TMI’) heli-borne survey in the fall of 2022. TechnoImaging, LLC (‘TechnoImaging’) then inverted the data with its proprietary GlassEarth® 3D imaging technology to produce 3D subsurface voxel models of the survey area. Integration of the 3D inverted data with geology, known mineral occurrences and drill hole information, is now ongoing with the end result being the generation of an inventory of new targets for drill testing. In the southern portion of the project area, on strike from the adjacent Moss Lake Gold Project, outcrop exposure is below average. The geophysics, integrated with the reconnaissance drilling performed at the end of last year's program, will identify high priority targets and focus exploration efforts in 2023. Results from that drilling along with the newly identified targets will be released in the near future. In the Huronian Mine area preliminary analysis of the geophysical data shows excellent correlation between certain geophysical features and gold mineralization. It is expected that the targeting exercise in this area will assist in identifying new zones of gold mineralization as well as extensions of known zones. Tillkännagivande • Jan 13
Kesselrun Reviews 2022 Along with Further Fisher and Huronian Zone Results Kesselrun Resources Ltd. share a review of the highlights and accomplishments of the 2022 exploration program on the Huronian Gold Project, including further drill results from the Fisher and Huronian Zones, as well as the outlook for 2023. 2022 highlights saw significant expansions of all known zones and the discovery of multiple new zones 22HUR168 on the Fisher Zone intercepted 8.0 g/t Au over 0.6 m within a 13.7 m interval which averaged 0.5 g/t Au 22HUR155 on the Huronian Zone intercepted 8.8 g/t Au over 0.5 m within a 10.4 m interval which averaged 0.7 g/t Au 2023 will see refinement of the mineralization model, integration of the geophysics in targeting and drill testing Exploration on Kesselrun's 100% owned Huronian Gold Project is focused on outlining and growing gold mineralization in the numerous known zones located in close proximity to the former producing Huronian Gold Mine as well as the discovery of new zones elsewhere on its underexplored and extensive 4600- hectare land package. Discovery of new high-grade zones in the Fisher area and a near doubling of the strike and depth extents of the main Fisher Zone Doubling the strike length of the McKellar Zone Refining and continuing to prove model through high-grade intercepts across zones NuTEM and Magnetics Geophysical Survey over entire Huronian project area At the beginning of 2022, the Fisher Zone was modeled as a singular high-grade zone with a strike length of ~ 400 m and a depth of ~175 m. As a result of effective modeling and successful drilling, Kesselrun was able to identify multiple new high-grade zones on both the hanging-wall and foot-wall sides of the main zone as well as extend the main zone to a strike length of ~700 m and depth of ~250 m. A further twelve holes were drilled near the end of the 2022 exploration program testing strike extents of known zones as well as new targets within the Fisher area. Kesselrun was successful in greatly extending the strike length of the McKellar Zone during 2022. At its furthest drilled holes to the west, the zone now has a total length of ~1200 m which doubled the 2021 zone strike length of 600 m. The McKellar zone has only been drilled to a depth of ~150 m leaving great potential at depth. As well, a further kilometre of strike length remains untested to the far southwest. Plans for 2023 will see further drilling to extend the McKellar Zone to depth, infill drilling and testing of the far southwest strike extents. Board Change • Dec 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. No experienced directors. 4 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
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. 3 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 07
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. 3 highly experienced directors. Independent Director Yana Silina was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 