Board Change • May 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. 2 experienced directors. 1 highly experienced director. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 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. 1 highly experienced director. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 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. 2 experienced directors. 1 highly experienced director. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 26
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. 1 highly experienced director. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. 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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Nov 21
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$259k 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$259k free cash flow). Shares are highly illiquid. Negative equity (-CA$39k). Earnings have declined by 3.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$978.0k market cap, or US$693.5k). Board Change • Oct 24
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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 25
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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 11
Auscan Resources Inc., Annual General Meeting, Nov 13, 2025 Auscan Resources Inc., Annual General Meeting, Nov 13, 2025. Location: british columbia, vancouver Canada New Risk • Aug 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% 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. Negative equity (-CA$212k). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$937.3k market cap, or US$677.8k). Duyuru • Aug 23
Auscan Resources Inc. announced that it has received CAD 0.2388 million in funding from 888 Capital Corp., Dng Holdings Limited and other investors On August 22, 2025, Auscan Resources Inc. closed the transaction. The company issued 1,040,000 units at an issue price of CAD 0.15 for gross proceeds of CAD 156,000 and 460,000 units at an issue price of CAD 0.18 for gross proceeds of CAD 82,800 for aggregate proceeds of CAD 238,800. All shares and warrants issued are subject to a four-month hold period from the date of closing. Each unit will comprise of one common share and a half warrant, with each whole warrant entitling the holder to purchase an additional common share at CAD 0.20 per warrant share for one year. Each unit will comprise of one common share and a half warrant, with each whole warrant entitling the holder to purchase an additional common share at CAD 0.24 per warrant share for one year. Certain insiders of the company participated in the private placement and purchased in aggregate 835,000 units for a total of CAD 139,050. Insiders that participated in the financing included Nick DeMare. In total, DeMare acquired beneficial ownership of, or control or direction over 770,000 units of the company by purchasing 310,000 units at CAD 0.15 per unit and 65,000 units at CAD 0.18 per unit through Dng Holdings Limited. DeMare also purchased 395,000 units at CAD 0.18 per unit through 888 Capital Corp. Immediately before the acquisition DeMare held 11,000 shares, 98,000 warrants and 79,000 stock options, representing approximately 0.43% of the then issued and outstanding shares on an undiluted basis or 6.8% on a partially diluted basis. Following the acquisition DeMare holds, directly and indirectly, 781,000 shares, 483,000 warrants and 79,000 stock options representing approximately 19.16% of the outstanding shares on an undiluted basis or 26.14% on a partially diluted basis assuming the exercise of 385,000 warrants acquired from this financing. As a result of the acquisition DeMare's beneficial ownership of, or control or direction over, the shares increased from 0.43% to 19.16% on an undiluted basis and from 6.8% to 26.14% on a partially diluted basis. Board Change • Aug 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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 28
Auscan Resources Inc. announced that it expects to receive CAD 0.225 million in funding Auscan Resources Inc announced a non-brokered private placement financing of up to 1,500,000 units at a price of CAD 0.15 per unit for gross proceeds of CAD 225,000 on July 28, 2025. Each unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional share for a period of two years at a price of CAD 0.20. Insiders will be participating in this financing. The financing is subject to acceptance of filings with the TSX Venture Exchange. 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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 13
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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. 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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 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. 3 experienced directors. No highly experienced directors. Independent Director Harvey Lim was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$87k free cash flow). Shares are highly illiquid. Negative equity (-CA$157k). Earnings have declined by 34% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$395.9k market cap, or US$275.4k). New Risk • Oct 24
New major risk - Revenue and earnings growth Earnings have declined by 0.3% 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$105k free cash flow). Shares are highly illiquid. Negative equity (-CA$130k). Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$445.3k market cap, or US$321.4k). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). New Risk • May 10
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$104k 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$104k free cash flow). Shares are highly illiquid. Negative equity (-CA$151k). Revenue is less than US$1m. Market cap is less than US$10m (CA$544.3k market cap, or US$398.3k). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Duyuru • Mar 23
Auscan Resources Inc., Annual General Meeting, May 29, 2024 Auscan Resources Inc., Annual General Meeting, May 29, 2024. New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% 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. Negative equity (-CA$166k). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.01m market cap, or US$755.3k). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Duyuru • Jan 19
Auscan Resources Inc. announced that it has received CAD 0.0832 million in funding On January 18, 2024, Auscan Resources Inc. closed the transaction. Each whole warrant entitling the holder to purchase an additional share for a period of 12 months at a price of CAD 0.17. All shares and warrants issued are subject to a four-month hold period from the date of closing. Insiders participated in this financing. Duyuru • Jan 05
Auscan Resources Inc. announced that it expects to receive CAD 0.0832 million in funding Auscan Resources Inc. announced a non-brokered private placement financing of up to 640,000 units at an issue price of CAD 0.13 per Unit to raise up to CAD 83,200 on January 4, 2024. Each Unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional share for a period of two years at a price of CAD 0.17. The Warrants will have restrictions which will prohibit exercise in certain circumstances. The transaction will include participation from Insiders. The financing is subject to acceptance of filings with the TSX Venture Exchange. Board Change • Mar 15
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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jan 20
Auscan Resources Inc. announced that it has received CAD 0.132 million in funding On January 19, 2023, Auscan Resources Inc. closed the transaction. The transaction included participation from insiders of the company. The units issued are subject to a four month hold period from the date of issuance. The financing remains subject to final regulatory approvals of the TSX Venture Exchange. The transaction has been approved by board of directors of the company. Duyuru • Jan 14
Auscan Resources Inc. announced that it expects to receive CAD 0.132 million in funding Auscan Resources Inc. announced a non-brokered private placement of 550,000 units at an issue price of CAD 0.24 per unit for the gross proceeds of CAD 132,000 on January 13, 2023. Each Unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional Share for a period of three years at a price of CAD 0.32. The transaction will include participation from certain insiders. The transaction is subject to acceptance of filings with the TSX Venture Exchange. Board Change • Dec 21
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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 21
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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 19
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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 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. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. 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 is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Lawrence Pemble was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 15
New 90-day high: CA$0.48 The company is up 7.0% from its price of CA$0.46 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CA$0.34 The company is down 39% from its price of CA$0.55 on 12 August 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 9.0% over the same period.