New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$57k). Earnings have declined by 8.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.88m market cap, or US$4.25m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Apr 06
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). Negative equity (-CA$57k). Earnings have declined by 8.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.66m market cap, or US$3.34m). Duyuru • Dec 30
Mosaic Minerals Corp. announced that it has received CAD 0.7866 million in funding On December 30, 2025, Mosaic Minerals Corp. closed the oversubscribed transaction. The oversubscribed offering consists of 6,008,571 flow-through units of the company at a price of CAD 0.07 per flow-through unit and 7,320,000 units at a price of CAD 0.05 per unit for a gross proceeds of $700,700. In connection with the offering, the company paid finders' fees of 8% in cash which is CAD 20,000 total and issued 285,714 finder warrants total to two arm-length intermediaries. Each finder warrant is exercisable to acquire one additional common share at a price of CAD 0.07 per warrant for a period of 24 months from issuance. All securities issued pursuant to the offering will be subject to a hold period of four months and one day ending on April 30, 2026. The placement is subject to final approval by the Canadian Securities Exchange. New Risk • May 29
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$63k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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$677k free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Negative equity (-CA$63k). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.12m market cap, or US$1.53m). Board Change • Nov 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. 4 experienced directors. No highly experienced directors. Director Charles Brulotte was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Aug 31
Mosaic Minerals Corporation Begins Exploration Work on Mirabelli SM Project Located Near Eastmain, James Bay, Quebec Mosaic Minerals Corporation announced the start of its exploration work on the Mirabelli SM project located near Eastmain, James Bay, Quebec. The field prospecting campaign is expected to last for a period of one week. The Mirabelli SM property is formed of 345 cells with an area of nearly 20 km2 and is located approximately 15 km southeast of the municipality of Eastmain. It is accessible by the Eastmain Village provincial road. The Mirabelli SM sector, which has been very little prospected over the years, could be conducive to the discovery of new metal or mineral indices. Intersected by several major faults located in contact with volcanogenicizons and tonalitic intrusive, this property presents a geological environment favorable to the presence of gold, silver, base metals, and lithium. This campaign is intended to complement the one carried out in June 2024 to cover the sectors that had not been visited due to the weather. The Company also expects to receive the results of this first campaign in the coming weeks. The June campaign had covered the Maqua SM and Mirabelli SM properties in part. Pluton SM The Company has also conducted in recent weeks an airborne magnetic survey of a total distance of 685 km on the Pluton SM property. Located in the eastern extension of Patriot Battery Metals' Shaakichiuwaanaan project, this property is 100% owned by Mosaic. The scientific and technical information of Mosaic Minerals Corporation included in this release has been reviewed and approved by Gilles Laverdiere, P.Geo, Vice-President Exploration of Mosaic Minerals and qualified person under National Instrument 43-101 respecting information concerning mining projects. Duyuru • Jul 10
Mosaic Minerals Corp., Annual General Meeting, Sep 11, 2024 Mosaic Minerals Corp., Annual General Meeting, Sep 11, 2024. Duyuru • May 25
Mosaic Minerals Corporation Begins Exploration Work at James Bay Mosaic Minerals Corporation announced the start of its exploration work on its Mirabelli SM, Maqua SM, Amanda and Pluton SM projects during the next few weeks. The Pluton SM project with an area of approximately 5,650 hectares and located in the eastern extension of the Patriot Battery Metals Corvette project will be the subject of a 670 km long helicopter-borne magnetic geophysical survey. This survey will allow the company to better define the structures in place and target work areas for the future. During the same period, a technical team composed of geologists and technicians will begin a geological survey, prospecting, and sampling campaign on the Mirabelli SM and Maqua SM projects. Several targets identified on these projects by ALS Goldspot and Consultation GeoX will be visited and sampled in order to verify their potential for base metals (Cu, Zn and Ni), lithium, as well as for gold and silver. The Mirabelli SM property is formed of 345 cells with an area of nearly 20 km and is located approximately 15 km southeast of the municipality of Eastmain. It is accessible by the Eastmain Village provincial road. The Mirabelli SM sector, which has been very little prospected over the years, could be conducive to the discovery of new metal or mineral indices. Intersected by several major faults located in contact with volcanogenic horizons and tonalitic intrusive, this property presents a geological environment favorable to the presence of gold, silver, base metals, and lithium. The Maqua SM property located 50 km east of the municipality of Wemindji consists of 69 mining cells with an area of approximately 3,570 hectares and is located 10 km west of the Mia Lithium project (Q2 Metals). According to the technical analysis carried out by ALS Goldspot, the main prospective targets for lithium would be in the southern part of the project, in a geologically favorable corridor for the discovery of lithium. The Amanda project, accessible by a forest road open all year round, will also be the subject of another exploration program during the summer period with the objective of clarifying the importance of the new gold showings discovered in 2020 as well as than to check their potential for base metals and lithium. Several gold showings associated with iron and paragneiss formations are known in the eastern part of the Amanda property. Mineralization consists of pyrite, pyrrhotite, disseminated arsenopyrite and gold in boudinated quartz veins cutting iron formations or in paragneiss. The type of mineralization is similar to the Homestake, Lupine and Musselwhite deposits. In the central sector, the Raphy gold index revealed gold grades of up to 1,236 ppb. This new showing, associated with silicified biotite paragneisses mineralized in pyrite and/or with quartz veins mineralized in pyrite or chalcopyrite, highlights the presence of a quartz-tourmaline alteration system and pyrite-chalcopyrite mineralization affecting the surrounding rocks which could be responsible for the contribution of gold mineralization. The Natel gold showing located in the western part also presents gold anomalies associated with folded iron formations. To the north of the eastern sector, the Jako showing returned a grade of 1,835 ppb Au as well as other significant anomalous gold values associated with a biotite paragneiss containing mineralized quartz veinlets near oxidized and silicate iron formations identified during the 2020 field campaign. Several other sectors of the property are of interest for the discovery of gold mineralization. An area located under Lake Béryl brings together several criteria favorable to the presence of gold mineralization. In the eastern sector, the presence of the late-tectonic Béryl-Sud pluton also provides a favorable context for the establishment of mineralization associated with intrusions. This unit was never observed in outcrop during the 2020 drilling campaign, but the presence of gold-bearing pegmatites near this intrusion supports this model. The discovery of several new horizons of oxidized iron formations allows to reaffirm the potential for discovery of gold-bearing iron formations on the Amanda project. The presence of faults and folds in the fold hinges of these horizons makes them an ideal context for the presence of epigenetic non-stratiform type gold mineralization. The search for metasomatic sulfide alteration zones and/or the presence of a change in the intensity of the magnetic signature are places to investigate during subsequent phases. New Risk • May 22
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 (32% average weekly change). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.35m market cap, or US$2.45m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Feb 07
Mosaic Minerals Corporation Intersects 135 Meters Grading 0.34% Nickel on Gaboury Including 0.48% Nickel on 33 Meters Mosaic Minerals Corporation announced part of the results of the work program consisting of eight drill holes for a total of 2,484 meters on the Gaboury project. Highlights: GA-23-23 intersects 135 meters at a grade of 0.34% Ni including 33 meters at a grade of 0.48% Ni: GA-23-26 intersects 206.7 meters at a grade of 0.23% Ni including 30 meters at a grade of 0.35% Ni as well as 18.0 meters at a grade of 0.40% Ni: GA-23-24 reveals 61.5 meters at a grade of 0.22% Ni including 33.0 meters at a grade of 0.26% Ni; GA-23-16 and GA-23-20 confirm the nickel potential of the East Pike zone by intersecting ultramafic units with thicknesses varying from 45.0 to 84.0 m (analyses in progress). The drilling program completed in recent weeks is described as a success by The Company’s management since it made it possible to test the potential of the main nickel showings: Pike West, Pike Center, and Pike East and to confirm its nickel potential over a length of more than 4.5 km. The presence of zinc, cobalt, copper, and gold is also noted in this geological environment associated with several high intensity magnetic anomalies. The Company's management is considering a new, more intensive drilling program in the various zones identified by drilling as well as carrying out a geological and prospecting survey covering all the magnetic anomalies located in the immediate environment of the Pike East, Center, and West zones. These campaigns could be carried out during the current winter as well as next spring. Drilling holes GA-23-23, GA-23-24 and GA-23-26 were carried out in the western part while drilling GA-23-17 was located in the central part. Drill holes GA-23-16, GA-23-19 and GA-23-20 were carried out in the eastern part of the project. The company also tested, without results, a magnetic anomaly located north of the Pike West showing with drilling GA-23-18. All drill holes except GA-23-18 and GA-23-19 intersected the ultramafic zones sought over thicknesses ranging from 44 meters to more than 200 meters. These results coupled with previous results seem to confirm a potential nickel-bearing zone of several kilometers. Furthermore, following a study carried out using thin-slice petrographic analysis, the company noted the presence of sulphides as well as three types of nickel minerals: millerite, violarite and pentlandite in the different nickel samples observed by Laurentia Exploration. These sulphides are very fine, which indicates a dissolution of nickel from ultramafic rocks. The nickel concentration in this type of magmatic deposit remains possible in this geological environment. Duyuru • Dec 05
Mosaic Minerals Corp. announced that it has received CAD 0.637 million in funding Mosaic Minerals Corp. announced a private placement of 7,962,500 flow-through units at a price of CAD 0.08 for gross proceeds of CAD 637,000 on December 5, 2023. Each unit consists of one flow-through common share and one-half common share warrant. Each whole warrant can be exercised to purchase one Share at a price of CAD 0.12 per share for a period of 18 months ending June 4, 2025. An aggregate number of 3,981,250 warrants have been issued as part of the offering. A 7% cash commission will be paid to an unrelated third party as an intermediary. The transaction was oversubscribed. Duyuru • Nov 29
Mosaic Minerals Corporation Completes Eight Drill Holes for A Total of 2,475 Meters on its Gaboury Nickel Project Located in Temiscamingue, Quebec Mosaic Minerals Corporation announced that it has completed eight drill holes for a total of 2,475 meters on its Gaboury nickel project located in Témiscamingue, Quebec. Three drillings were carried out on the Pike West showing while three other drillings were carried out on the Pike East showing and another drilling in the Pike Center area. A last drilling was carried out to test a magnetic anomaly located north of the Pike West area. The majority of these drill holes intersected the desired mineralized zones over widths varying from 40 meters to more than 150 meters. Comprised of three nickel showings, the Pike zone has been traced by drilling for more than 4.5 kilometers to date. In addition to the presence of strategic minerals such as copper, nickel and cobalt, there are also several gold showings on the Gaboury project. The assays results should be available in the coming months. New Risk • Nov 25
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 Less than 1 year of cash runway based on free cash flow trend (-CA$888k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.17m market cap, or US$3.06m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Duyuru • Nov 02
Mosaic Minerals Corporation Starts Drilling on Gaboury Nickel Mosaic Minerals Corporation announced the start of a drilling program of a minimum of 2,000 meters on the Gaboury project located in Temiscamingue, Quebec. The program consisting of a minimum of 8 holes aims to verify the strength of the Pike Nickel index as a whole in order to better identify the most favorable sectors in terms of grade and potential volume. Comprised of the Pike Nickel Centre, West and East showings, this nickel project has currently been traced by drillings over more than 4.5 kilometers. In addition to the presence of strategic minerals, the Gaboury project also contains several gold showings. Thin-slice petrographic examination revealed that the mineralized rocks are indeed ultramafic in nature, containing serpentine with chromite and magnetite, and up to 1% nickel-bearing sulfides, namely millerite and violationsarite. A sample located in a basalt underlying the ultramafic rocks revealed instead the presence of disseminated pentlandite and in fractures within the basalt. Based on these results, the company believe that the magmatic nickel deposit model applies well to the Gaboury project. The Company also announces that it has completed an initial prospecting program on the Amanda project focused on lithium exploration. The team of two geologists and two technicians participated in collecting several hundred samples in the targeted areas over a period of approximately 10 days. An access path for a possible drilling program which could take place in 2024 has also been marked out by the exploration team. The company should soon obtain a report from its consultant summarizing the work carried out during this exploration program. Results should be available by the end of December 2023. Duyuru • Oct 19
Mosaic Minerals Corporation Begins Pro Inspection Work on Amanda Mosaic Minerals Corporation announced the start of a ten-day prospecting program on the Amanda project. The team, composed of a geologist and two technicians, will revisit, and sample the different pegmatites listed in previous years by the Ministry of Natural Resources and Forests (MRNF) and Vanstar Mining Resources Inc. Different pegmatites known on the Amanda project were also intersected in several historical drillings carried out from 1997 to 2010 but no analysis was done to verify the presence of lithium in them. The technical team will therefore try to find these old drillings and take, if possible, several samples for analysis. The Company plans to take a few hundred samples from the various pegmatites listed and hopes to find new ones. The presence of indicator minerals such as beryl, spodumene and rubidium has been observed at different locations on the property. An access path will also be marked in anticipation of future drillings on this project. The campaign will benefit from helicopter support, which will greatly improve the productivity of the team on the ground. The Amanda project also contains very interesting gold potential and the various gold showings, notwithstanding the lithium results, could be the subject of exploration work in 2024. Duyuru • Sep 15
Mosaic Minerals Corp., Annual General Meeting, Nov 02, 2023 Mosaic Minerals Corp., Annual General Meeting, Nov 02, 2023. New Risk • Aug 25
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$888k 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$888k free cash flow). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.87m market cap, or US$3.58m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Aug 17
Mosaic Minerals Corp. (CNSX:MOC) acquired Eleven Additional new mining cells in the immediate vicinity of the Abrat SM property from Arlene Explorations Ltd. for CAD 10000 and 500000 shares of the company. Mosaic Minerals Corp. (CNSX:MOC) acquired Eleven Additional new mining cells in the immediate vicinity of the Abrat SM property from Arlene Explorations Ltd. for CAD 10000 and 500000 shares of the company on August 15, 2023. The transaction is subject to the approval of the competent authorities.Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Eleven Additional new mining cells in the immediate vicinity of the Abrat SM property from Arlene Explorations Ltd. for CAD 10000 and 500000 shares of the company on August 15, 2023. Duyuru • Aug 04
Mosaic Minerals Corporation Starts Prospecting on Lichen and Adds Claims on Abrat SM, Nunavik, Quebec Mosaic Minerals Corporation announced the start of prospecting work for critical minerals on the Lichen project after several weeks of delay caused by forest fires. Covering 17,000 hectares (307 cells), the Lichen property is located approximately 100 km west of the Chibougamau mining camp. The property is underlain by volcanic rocks of the Obatogamau Formation cut by several stocks and plutons of immediate composition. The volcanic rocks on the property are in contact with the Lichen pluton to the south in which pegmatites have been mapped. This geological environment is favorable to the presence of pegmatites both in volcanic rocks and in intrusive rocks. Duyuru • Jul 26
Mosaic Minerals Corp. (CNSX:MOC) acquired Abrat SM Project from two prospectors for CAD 0.0189. Mosaic Minerals Corp. (CNSX:MOC) acquired Abrat SM Project from two prospectors for CAD 0.0189 on July 25, 2023. Eighty claims were acquired from two prospectors in return for 270,000 common shares of the company and a 1% NSR royalty.
Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Abrat SM Project from two prospectors on July 25, 2023. Duyuru • May 24
Mosaic Minerals Corp. (CNSX:MOC) acquired 13 new mining cells in the eastern part of its Mirabelli SM project. Mosaic Minerals Corp. (CNSX:MOC) acquired 13 new mining cells in the eastern part of its Mirabelli SM project on May 23, 2023.Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of 13 new mining cells in the eastern part of its Mirabelli SM project on May 23, 2023. Duyuru • Feb 08
Mosaic Minerals Corp. (CNSX:MOC) acquired 290 claims in the James Bay Lithium Belt. Mosaic Minerals Corp. (CNSX:MOC) acquired 290 claims in the James Bay Lithium Belt on February 7, 2023.Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of 290 claims in the James Bay Lithium Belt on February 7, 2023. Duyuru • Feb 03
Mosaic Minerals Corp. acquired 110 mining claims adjacent to the eastern edge of Patriot Battery Metals Corvette in James Bay from two unknown independent prospectors for approximately CAD0.17 million. Mosaic Minerals Corp. acquired 110 mining claims adjacent to the eastern edge of Patriot Battery Metals Corvette in James Bay from two unknown independent prospectors for approximately CAD0.17 million on February 2, 2023. The project was acquired partly from 2 independent prospectors (39 claims) and by staking (71 claims). In return for the acquisition of the claims held by the prospectors, Mosaic will issue them respectively 0.45 million and 1 million shares and will grant them 0.50% NSR for one and 2% NSR for the other, of which 1% may be bought back for CAD1 million. The transaction is subject to the approval of the competent authorities.
Mosaic Minerals Corp. completed the acquisition of 110 mining claims adjacent to the eastern edge of Patriot Battery Metals Corvette in James Bay from two unknown independent prospectors for on February 2, 2023. Duyuru • Feb 02
Mosaic Starts A New Drilling Campaign on Gaboury Mosaic Minerals Corporation announced the start of a new drilling program on the Gaboury project, located in the Témiscamingue region of Quebec. This program of four holes totaling approximately 1,200 meters will target fold hinges as well as the continuity at depth of hole GA-21-07 which revealed a grade of 0.35% Nickel over a thickness of 121.5 meters. The folding zones of the ultramafic unit were defined from the surface magnetic survey and the 3D inversion. The Pike West zone, discovered following a drilling program in 2021, remains very interesting both for the strength of the intersected nickel-bearing zones and for its significant grades. The Pike Center zone, discovered in 2010 and located about 1.5 km to the east, also shows a significant presence of nickel (GA-21-01: 0.21% Ni over 112.9 m including 0.25% Ni over 70.9 m). Hole GA-21-06, located approximately 2.5 km east of Pike Centre, intersected a minor nickel zone (0.11% Ni over 59 m) which may be the continuity of the main zone. However, this section of ultramafic of more than 8 km associated with a strong magnetic anomaly, has only been the subject of a single survey. Further drilling will therefore be necessary to properly assess this sector of the magnetic anomaly. Also note that a new gold zone had been detected in this same drilling. The nickel corridor comprising the three Pike showings (West-Central and East) has been traced by drilling over more than 5 km to date. Duyuru • Feb 01
Mosaic Minerals Corp. Starts A New Drilling Campaign on Gaboury Mosaic Minerals Corporation announced the start of a new drilling program on the Gaboury project, located in the Témiscamingue region of Quebec. This program of four holes totaling approximately 1,200 meters will target fold hinges as well as the continuity at depth of hole GA-21-07 which revealed a grade of 0.35% Nickel over a thickness of 121.5 meters. The folding zones of the ultramafic unit were defined from the surface magnetic survey and the 3D inversion. The Pike West zone, discovered following a drilling program in 2021, remains very interesting both for the strength of the intersected nickel-bearing zones and for its significant grades. The Pike Center zone, discovered in 2010 and located about 1.5 km to the east, also shows a significant presence of nickel (GA-21-01: 0.21% Ni over 112.9 m including 0.25% Ni over 70.9 m). Hole GA-21-06, located approximately 2.5 km east of Pike Centre, intersected a minor nickel zone (0.11% Ni over 59 m) which may be the continuity of the main zone. However, this section of ultramafic of more than 8 km associated with a strong magnetic anomaly, has only been the subject of a single survey. Further drilling will therefore be necessary to properly assess this sector of the magnetic anomaly. Also note that a new gold zone had been detected in this same drilling. The nickel corridor comprising the three Pike showings (West-Central and East) has been traced by drilling over more than 5 km to date. Duyuru • Dec 31
Mosaic Minerals Corporation Resumes Drilling on Gaboury Mosaic Minerals Corporation announced the upcoming start of a new drilling program of approximately 1,500 meters on its Gaboury nickel project, located in Témiscamingue, Quebec. According to 3D modelling, this program of four drill holes, which should begin around mid-January, aims to test different fold hinges associated with ultramafic units corresponding to a major EO magnetic anomaly of more than 8 kilometers. It will focus on the Pike Nickel West area. This one, recognized by drilling over a length of more than 1,000 meters, remains open both laterally and at depth. Composed of the Pike Nickel Center, West and East showings, this nickel project has been traced by drilling over more than 4 kilometers currently. In addition to the presence of strategic minerals, the Gaboury project also contains several gold showings. Lithium Projects The Corporation is also preparing an initial exploration program for the 2023 season to evaluate its lithium and strategic mineral projects located in Jamésie (Québec). These projects, which make up the company's lithium properties, cover nearly 20,000 hectares spread over six mining blocks, contain, according to the various data from the Quebec Ministry of Energy and Natural Resources (MERN), several geological indications favorable to the presence of lithium and strategic minerals. The 2023 exploration work therefore has the primary objective of confirming the presence of spodumene pegmatites and/or the presence of strategic minerals. In order to verify the data from the MERN, the planned work will include sampling, a set of geological, geochemical and spectrometric surveys coupled with aerial magnetic surveys. The use of aerial spectrometry will support groundwork by defining favorable areas due to the presence of slightly radioactive minerals associated with spodumene pegmatites. It is somewhat comparable to geochemistry, but taking aerial spectrometric data covers much larger areas. The magnetic survey will also help establish contacts between granitic geological units and greenstone belts. Duyuru • Dec 10
Mosaic Minerals Corp., Annual General Meeting, Jan 17, 2023 Mosaic Minerals Corp., Annual General Meeting, Jan 17, 2023. Duyuru • Dec 09
Mosaic Minerals Corp. Prepares Its 2023 Exploration Program for Lithium and Strategic Minerals Mosaic Minerals Corporation is preparing an initial exploration program for the 2023 season to evaluate its lithium and strategic mineral projects located in Jamésie. These projects, which make up the company's lithium properties, cover nearly 20,000 hectares spread over six mining blocks, contain, according to the various data from the Quebec Ministry of Energy and Natural Resources (MERN), several geological indications favorable to the presence of lithium and strategic minerals. The 2023 exploration work therefore has the primary objective of confirming the presence of spodumene pegmatites and/or the presence of strategic minerals. In order to verify the data from the MERN, the planned work will include sampling, a set of geological, geochemical and spectrometric surveys coupled with aerial magnetic surveys. The use of aerial spectrometry will support groundwork by defining favorable areas due to the presence of slightly radioactive minerals associated with spodumene pegmatites. It is somewhat comparable to geochemistry, but taking aerial spectrometric data covers much larger areas. The magnetic survey will also help establish contacts between granitic geological units and greenstone belts. Ground geochemistry will facilitate the establishment of favorable geological contours that may contain the minerals sought. If necessary, stripping and more intensive sampling will be undertaken on the targets defined by the various exploration works. Discussions are currently underway with various service providers to ensure that a geological and technical team is in place at the end of the winter period. Aerial surveys will be done at the same time. Duyuru • Dec 01
Mosaic Minerals Corp. (CNSX:MOC) acquired 156 mining cells covering approximately 8,325 hectares located in Jamesie, Northern Quebec. Mosaic Minerals Corp. (CNSX:MOC) acquired 156 mining cells covering approximately 8,325 hectares located in Jamesie, Northern Quebec on November 30, 2022.
Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of 156 mining cells covering approximately 8,325 hectares located in Jamesie, Northern Quebec on November 30, 2022. Duyuru • Nov 24
Mosaic Minerals Corp. (CNSX:MOC) acquired 29-cell property comprising approximately 1,490 hectares in James, Canada. Mosaic Minerals Corp. (CNSX:MOC) acquired 29-cell property comprising approximately 1,490 hectares in James, Canada on November 23, 2022.Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of 29-cell property comprising approximately 1,490 hectares in James, Canada on November 23, 2022. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Luc Gervais is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 10
Mosaic Minerals Corporation Announces That It Has Started the Drilling Campaign of A Minimum of 1,000 Meters on the 113 North Property Mosaic Minerals Corporation announced that it has started the drilling campaign of a minimum of 1,000 meters on the 113 North property. The company's management wants to test the possible continuity of an ultramafic associated with the Fortin/Ducros showing of Québec Nickel, located approximately 300 meters south of the property boundary. A magnetic anomaly trending NNO-SSE seems associated with this showing. This, according to MERN data and results obtained by Québec Nickel (see press release dated 06-13-2022 [1]), would contain interesting Ni, Cu, Pt, Pd and Au values. A prospecting campaign on the northern part of the 113 North property was also launched in the last few days. The objective is to collect as many samples as possible to learn more about this part of the property. The 113 North project is located in the southeastern part of the Abitibi greenstone belt and is comprised of 59 claims totaling 3,010 ha within a 6-to12-kilometer-wide band made up of volcano-sedimentary rocks located between the granodiorite-tonalite batholiths of Josselin and Montgay. The volcanic rocks of this group exhibit felsic, intermediate, and mafic compositions and are intersected by dunite, gabbro and diorite dykes. Iron formations (sulphides and oxides) and clastic sedimentary rocks, such as greywackes and shales, are also present. The technical content of this press release has been reviewed and approved by Mr. Gilles Laverdière, P.Geo., an independent consulting geologist and a Qualified Person as defined in NI 43-101. Duyuru • Sep 01
Mosaic Minerals Corporation Intersects in Hole GA-22-10 A Grade of 0.23% Ni over A Strike Length of 120 Meters Mosaic Minerals Corporation announced that it intersected in hole GA-22-10 a grade of 0.23% Ni over a strike length of 120 meters. This hole is located about 200 meters in western extension of hole GA-21-08. Another nickel zone grading 0.25% over 17.55 meters was also intersected in this same hole. This 1,000-meter drilling program completed in recent weeks included three holes located in the western part of the Pyke showing. Hole GA-22-09 located between GA-21-07 and GA-21-08 revealed two nickel zones grading 0.13% Ni and 0.18% Ni respectively over widths varying from 28.6 meters to 46.5 meters. The company note the presence of several lamprophyre dykes in this hole which intersects the nickeliferous zone in several places. The presence of cobalt, magnesium and chromium is also noted in this survey. Hole GA-22-11 located approximately 550 meters west of GA-22-10 intersected a 27.5-meter zone grading 0.26% Ni. Here too, the presence of lamprophyre dykes was noted in several places. Cobalt, chromium, and magnesium anomalies are also present in this area 113 North & Lichen Projects The company also plans to begin a drilling program of approximately 1,200 meters on its 113 North project in the coming weeks. The Company management wants to test the continuity of a pyroxenite containing Québec Nickel's Fortin/Ducros gold and nickel showing, located about 300 meters south of the border of the property. A magnetic anomaly trending NNO-SSE seems associated with this showing. This, according to MERN data and results obtained by Québec Nickel, would contain interesting Ni, Cu, Pt, Pd and Au grades. Finally, the company has carried out in recent weeks a first geological and prospecting survey on its Lichen project, located in the southern sector of Chapais. About fifty samples were taken mainly in the central part of the property. The results should be available within the next few weeks. Duyuru • Aug 31
Mosaic Minerals Corp. Intersects 120 Meters At A Grade of 0.23% Ni on Gaboury Mosaic Minerals Corporation announced that it intersected in hole GA-22-10 a grade of 0.23% Ni over a strike length of 120 meters. This hole is located about 200 meters in western extension of hole GA-21-08. Another nickel zone grading 0.25% over 17.55 meters was also intersected in this same hole. This 1,000-meter drilling program completed in recent weeks included three holes located in the western part of the Pyke showing. Hole GA-22-09 located between GA-21-07 and GA-21-08 revealed two nickel zones grading 0.13% Ni and 0.18% Ni respectively over widths varying from 28.6 meters to 46.5 meters. The company note the presence of several lamprophyre dykes in this hole which intersects the nickeliferous zone in several places. The presence of cobalt, magnesium and chromium is also noted in this survey. Hole GA-22-11 located approximately 550 meters west of GA-22-10 intersected a 27.5-meter zone grading 0.26% Ni. Here too, the presence of lamprophyre dykes was noted in several places. Cobalt, chromium, and magnesium anomalies are also present in this area. The company also plans to begin a drilling program of approximately 1,200 meters on its 113 North project in the coming weeks. The company management wants to test the continuity of a pyroxenite containing Québec Nickel's Fortin/Ducros gold and nickel showing, located about 300 meters south of the border of the property. A magnetic anomaly trending NNO-SSE seems associated with this showing. This, according to MERN data and results obtained by Québec Nickel, would contain interesting Ni, Cu, Pt, Pd and Au grades. Finally, the company has carried out in recent weeks a first geological and prospecting survey on its Lichen project, located in the southern sector of Chapais. About fifty samples were taken mainly in the central part of the property. The results should be available within the next few weeks. Duyuru • Jul 30
Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM). Mosaic Minerals Corp. (CNSX:MOC) has signed an agreement to acquire Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM) for CAD 0.3 million on June 27, 2022. Mosaic will issue 5,000,000 common shares of the Company to Fokus Mining Corporation. Following the transaction, Fokus Mining Corporation will own 10 million shares or about 16% of the Mosaic Minerals Corporation. Pursuant to June 27, 2022, 3,000,000 common shares of Mosaic Minerals were issued to Fokus as consideration for the sale of 95 mining claims comprising the Gaboury property and 2,000,000 common shares of Mosaic Minerals were issued to Focus for the sale of 59 mining claims comprising the 113 North property. The transaction is subject to regulatory approval, including that of the Canadian Securities Exchange for the share issuance from Mosaic. The closing of the transaction is expected to occur on or about July 15, 2022.
Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM) on July 28, 2022. Duyuru • Jul 06
Mosaic Minerals Corp. (CNSX:MOC) has signed an agreement to acquire Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM) for CAD 0.3 million. Mosaic Minerals Corp. (CNSX:MOC) has signed an agreement to acquire Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM) for CAD 0.3 million on July 05, 2022. Mosaic will issue 5,000,000 common shares of the Company to Fokus Mining Corporation. Following the transaction, Fokus Mining Corporation will own 10 million shares or about 16% of the Mosaic Minerals Corporation. The transaction is subject to regulatory approval, including that of the Canadian Securities Exchange for the share issuance from Mosaic. The closing of the transaction is expected to occur on or about July 15, 2022. Duyuru • Jun 24
Mosaic Minerals Corp. Announces Resignation of Mr. Jean Rainville as Director Mosaic Minerals Corp. announced the resignation of Mr. Jean Rainville from his role of Director of the Company effective immediately. Mr. Rainville has over 40 years of experience in the mining industry and financial markets. Duyuru • Jun 10
Mosaic Minerals Corp. Completes the First Part of Its Drilling Campaign on Gaboury Mosaic Minerals Corporation announced that it has completed the first part of its 2022 drilling program. The objectives of this 1000-meter campaign were to test by drilling (holes GA-22-10 and GA-22-11) the western extension of the Pike Ouest nickel showing as well as hole GA-22-09 an area located between holes GA-21-07 and GA-21-08 which led to the discovery of this index in 2021. The portable XRF (X-ray fluorescence) sampler was able to trace an anomalous nickel zone over approximately 100 meters in hole GA-22-09. This anomaly is however intersected by several metric bands of lamprophyres. Anomalies in magnesium and chromium have also been identified along this anomaly. The Company also notes that this drilling is very fractured, which suggests the presence of a major fault in this sector. Hole GA-22-10 located about 250 meters west of hole GA-21-08 started in a nickel zone identified by the XRF sampler from the start of the hole to continue over a length of about 130 meters while another zone of approximately 15 meters identified at the end of the drilling at depth of 300 meters. The company therefore does not know the actual thickness of the first and second zone. Magnesium and chromium are present in these same areas. Located about 600 meters west of GA-22-10, hole GA-22-11 also traced a nickel zone about 40 meters thick. This hole tested a magnetic anomaly parallel to the main anomaly. Further drilling will be required in this area. The nickel showings are associated with an ultramafic corridor now recognized by drilling over more than 4 km, including more than 1.2 km for the western part. The company will release full results as they become available. Although XRF results are currently considered less definitive than standard analytical techniques, they are nevertheless indicative of grade and are generally considered qualitative rather than quantitative. Duyuru • Jun 02
Mosaic Minerals Corp. announced that it has received CAD 0.5 million in funding Mosaic Minerals Corp. announced a private placement of 2,500,000 flow through units at a price of CAD 0.12 per flow-through unit for gross proceeds of CAD 300,000 and 2,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 200,000 for total proceeds of CAD 500,000 on June 1, 2022. Each flow-through unit consists of one flow-through common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.18 for a period of 18 months from the date of closing. Each unit consists of one common share of the company and one-half of one transferable share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.15 for a period of 18 months from the date of closing. All securities issued in the transaction are subject to a statutory hold period of four months and one-day hold period expiring on September 26, 2022. The company will be paid 7% commission to an unrelated third party as an intermediary. The transaction is subject to final approval from Canadian Securities Exchange. Duyuru • May 05
Mosaic Minerals Corp. Begins Drilling on the Gaboury Project Mosaic Minerals Corporation announced that it has started drilling on the Gaboury project, located in Témiscamingue, Quebec. This first phase of 1,200 m will be concentrated on the new claims acquired in the western part of the property. During 2022, the company plans to complete twenty holes for approximately 7,000 m along a major magnetic anomaly approximately 9 km long associated with the three nickel showings discovered on this project. During the last drilling campaign carried out in 2021, it discovered the Pike Nickel West zone located approximately 1.8 km west of the original Pike Nickel showing (70.5 m @ 0.25% Ni) as well as to trace the Pike Nickel East showing located approximately 1.4 km from the same showing. This drilling program also found a new gold showing located south of the Pike Nickel East showing. On the other hand, the management of the Company plans to carry out in the coming months an initial geological and prospecting survey on the Lichen project, which is made up of 178 mining cells with an area of 9,968 hectares, located in the Chapais-Chibougamau area. This project has already been the subject of a helicopter-borne magnetic geophysical survey during 2021 (58.68 km), which has made it possible to define several geological exploration targets. The Lichen project is located in an environment favorable to the presence of critical minerals such as nickel, cobalt, copper and elements of the REE group (Rare Earths). Different intrusive (syenite, tonalite etc.), gabbro and andesitic basalt constitute the geological essentials of this project. Although it is accessible by many forest roads, this project has never been the subject of intensive exploration work. Gaboury Project: The Gaboury project, comprising 114 claims covering an area of ??approximately 6,064 hectares, is accessible year-round by a provincial road network and a series of forest roads. In 2010-2011, Fieldex Explorations (now Fokus Mining Corp.) drilled the Gaboury property to test a Max-Min electromagnetic anomaly and intersected significant nickel grades over good widths. The mineralization intersected is located in a wide band of mafic to ultramafic rocks. Grades of 0.20% Ni were intersected over thicknesses varying from 81m to 88m in three holes forming the original Pike Nickel showing. The Pyke Copper showing is located a little north of the Pike Nickel showing. Semi-massive mineralization consists of chalcopyrite, pyrite and pyrrhotite in a matrix of calcite. Values ??of up to 12.30% Cu were traced there in trenches in 1974. There are also some gold showings, notably the Laverlochère and Brisebois showings, which revealed gold grades of up to 48.68 g/t Au in quartz veins ranging from 0.3 to 5 m thick. another mineralized shear zone between 2 and 25 m thick yielded gold grades of up to 8.8 g/t Au. Copper and silver findings have also been reported in historical work near these same showings. These historical data come from GM 46167, GM 58164 and GM 04753 and are available on the SIGEOM and MERN sites. Following an agreement with Fokus Mining, Mosaic has the right to acquire a 60% interest in the Gaboury project in return for the issuance of 3M shares in favor of Fokus Mining and to complete for $1 million in work during the 36 months following the anniversary date. Mosaic will also be able to obtain another 20% in return for an investment of $500,000 in works and the delivery of an evaluation of the 43-101 resource by June 2029. Mosaic is the operator of the project. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Luc Gervais is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 13
Mosaic Minerals Corporation Announces Renewal of Drilling Permit Mosaic Minerals Corporation announced that it obtained the renewal of its forest intervention permit for the period 2022-2023 allowing the continuation of drilling announces that it has obtained the renewal of its forest intervention permit for the period 2022-2023 allowing the continuation of drilling on the Gaboury project located in Témiscamingue, Quebec. The Company management is also awaiting the renewal of another round of permits for the same project on the Gaboury project located in Témiscamingue, Quebec. The Company management is also awaiting the renewal of another round of permits for the same project. During 2022, the company plans to complete twenty holes for approximately 7,000 m along a major magnetic anomaly approximately 9 km long associated with the three nickel showings discovered on this project. During the last drilling campaign carried out in 2021, it discovered the Pike Nickel West zone (121.5m @ 0.32% Ni) located approximately 1.8 km west of the original Pike Nickel showing (70.5 m @ 0.25% Ni) as well as to trace the Pike Nickel East showing located approximately 1.4 km from the same showing. This drilling program also found a new gold showing located south of the Pike Nickel East showing. Duyuru • Jan 07
Mosaic Minerals Corp. (CNSX:MOC) acquired 13 new claims in Témiscamingue, Quebec. Mosaic Minerals Corp. (CNSX:MOC) acquired 13 new claims in Témiscamingue, Quebec during fall, 2021. Duyuru • Jan 06
Mosaic Minerals Intersects 0.32% Nickel Over 121.50 Meters on Gaboury Mosaic Minerals Corporation announces that it intersected in hole GA-21-07 a 165 m zone showing a grade of 0.26% Ni including 121.5 m at a grade of 0.32% Ni and 0.40% Ni over 15 meters on the Gaboury project, in Témiscamingue, Quebec. Hole GA-21-07, located in the Pike West area, is located approximately 1.8 km west of the original Pike Nickel area. Hole GA-21-08 located 300m to the west revealed three sections of 13.5 m, 16.8 m and 18.2 m grading respectively 0.31% Ni, 0.26% Ni and 0.23% Ni in a nickel-bearing envelope 131.8 m at a grade of 0.17% Ni. As for hole GA-21-01, carried out under historic hole GA-11-08 to verify its potential at depth, revealed a grade of 0.21% Ni over 122.9 m including 70,9 m at a grade of 0.25% Ni. These results confirm a potential for in-depth extension. Hole GA-11-08, completed in 2011, returned 0.20% Ni over 81 m. Hole GA-21-06, located in the Pike East area approximately 1.4 km east of the historic Pike Center area, also reveals an anomalous nickel presence over more than 50 meters. As this hole started directly in the nickel anomaly, this result may not correspond to the actual thickness and grade of the zone there. Further drilling will be required to retest this area. This same hole, however, intersected a previously unknown gold zone revealing a grade of 2.54 g /t Au over 1.65 m including 4.62 g /t Au over 0.8 meter. The gold occurs in a strongly magnetic, highly silicified iron formation with the presence of chalcopyrite. The company also plans to verify the gold potential of the eastern sector. The potential nickel corridor is now more than 3.2 km along the magnetic anomaly. The Gaboury project comprises 82 claims covering an area of approximately 4,282 hectares and is accessible year-round by a provincial road network and by a set of forest roads. In 2010-2011, Fieldex Exploration now Fokus Mining Corp. drilled the Gaboury property to test a Max-min electromagnetic anomaly which intersected significant nickel grades. The intersected semi-massive mineralization is in a calcite matrix within a fracture and a silicified gabbro. The Pyke copper showing, located northeast of the Pike Nickel showing, is also present on the Gaboury property. The semi-massive mineralization consists of chalcopyrite, pyrite and pyrrhotite in a calcite matrix. There are also some gold showings including the Laverlochère and Brisebois showings which revealed gold grades of up to 445 g /t Au in quartz veins ranging from 0.3 to 5 m thick while another mineralized shear zone with a thickness of between 2 and 25 m gave gold grades of up to 8.8 g /t Au. Gold grades of 27.97 g /t Au and 9.51 g /t Au over 0.20 m were also intersected in hole G-18 located on the Brisebois showing while surface samples revealed grades of 0.71 g /t Au and 1.23 g /t Au. Copper results have also been reported in historical work near these same showings. These historical data come from GM 46167, GM 58164 and GM 04753 and are available on the SIGEOM and MERN site. Following an agreement with Fokus Mining, Mosaic has the right to acquire a 60% interest in the Gaboury project in consideration for the issue of 3M shares in favor of Fokus Mining and to complete for $1M in exploration work 36 months following the anniversary date. Mosaic will also be able to obtain a further 20% in return for a $500,000 investment in works and delivery of a 43-101 resource assessment by June 2029. Mosaic is the operator of the project. Duyuru • Dec 29
Mosaic Minerals Corp. announced that it has received CAD 0.246 million in funding Mosaic Minerals Corp. announced a private placement of 750,000 flow through common shares at a price of CAD 0.16 per share for gross proceeds of CAD 120,000 and 1,050,000 common shares units at a price of CAD 0.12 per unit for aggregate gross proceeds of CAD 126,000 for aggregate gross proceeds of CAD 246,000 on December 28, 2021. Each common share unit consists of one common share and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.25 for a period of 12 months from the date of closing. The company has paid a finder's fee of 7% in cash and issued 52,500 finder's warrants. Each finder warrant will entitle the holder to purchase a common share at a price of CAD 0.25 for a period of 12 months from issuance. All securities issued will be subject to hold period of four months and one day ending on April 22, 2022. The transaction is subject to final approval from Canadian Securities Exchange. Duyuru • Nov 24
Mosaic Minerals Intersects 70 Meters Anomalous Nickel Zone on Gaboury Project Mosaic Minerals Corporation announces that it intersected with hole GA-21-06, located 1.4 km east of the Pike Nickel showing, an anomalous nickel zone over 70 meters along the hole. This new showing, called Pike Nickel East, is associated with a large, high-intensity magnetic anomaly traced by an aerial magnetic survey during the summer of 2021. In addition, hole GA-21-01 installed on the Pike Nickel showing also intersected the nickeliferous zone sought to a thickness of nearly 80 meters along the hole. This drilling was used to verify the continuity at depth of the nickel mineralization intersected in hole GA-11-06. The portable XRF sampler was able to trace these anomalous nickel areas. Cobalt, zinc, and chromium anomalies were also identified in some places. The company will publish the results as soon as they are complete and available. Although XRF results are currently considered less definitive than standard analytical techniques, they are nonetheless indicative of grade and are generally considered qualitative rather than quantitative. The use of the XRF sampler helps to better target the areas to be analyzed which saves a lot of preparation time and helps to reduce the costs. According to this initial information, the nickel-bearing corridor intersected by boreholes GA-21-01, GA-21-06, GA-21-07 and GA-21-08 would now have a potential length of approximately 3.4 km. Made up of the Pike Nickel West, Pike Nickel and Pike Nickel East showings, this mineralized corridor remains open in all directions. Based on these initial results, which are considered encouraging, the management of the company is now studying the launch of a second drilling program to test the magnetic anomaly crossing right through the entire southern part of the property for more than 7 km. The Gaboury project comprises 82 claims covering an area of approximately 4,282 hectares and is accessible year-round by a provincial road network and by a set of forest roads. In 2010-2011, Fieldex Exploration now Fokus Mining Corp. drilled the Gaboury property to test a Max-min electromagnetic anomaly which intersected significant nickel grades. The intersected semi-massive mineralization is in a calcite matrix within a fracture and a silicified gabbro. The Pyke copper showing, located northeast of the Pike Nickel showing, is also present on the Gaboury property. The semi-massive mineralization consists of chalcopyrite, pyrite and pyrrhotite in a calcite matrix. There are also some gold showings including the Laverlochère and Brisebois showings which revealed gold grades of up to 445 g /t Au in quartz veins ranging from 0.3 to 5 m thick while another mineralized shear zone with a thickness of between 2 and 25 m gave gold grades of up to 8.8 g /t Au. Gold grades of 27.97 g /t Au and 9.51 g /t Au over 0.20 m were also intersected in hole G-18 located on the Brisebois showing while surface samples revealed grades of 0.71 g /t Au and 1.23 g /t Au. Copper results have also been reported in historical work near these same showings. These historical data come from GM 46167, GM 58164 and GM 04753 and are available on the SIGEOM and MERN site. Board Change • Nov 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Luc Gervais is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Aug 05
Executive VP, CFO, Corporate Secretary & Director John C. Cumming has left the company On the 2nd of August, John C. Cumming's tenure as Executive VP, CFO, Corporate Secretary & Director ended. We don't have any record of a personal shareholding under John C.'s name. A total of 6 executives have left over the last 12 months. Executive Departure • Aug 05
Director Maurice Giroux has left the company On the 2nd of August, Maurice Giroux's tenure as Director ended. As of March 2021, Maurice still personally held 2.81m shares (CA$267k worth at the time). A total of 6 executives have left over the last 12 months. Executive Departure • Apr 11
Independent Director has left the company On the 7th of April, Eric Allard's tenure as Independent Director ended after less than a year in the role. We don't have any record of a personal shareholding under Eric's name. A total of 4 executives have left over the last 12 months. Duyuru • Mar 19
Mosaic Minerals Corp. Announces Resignation of Michel Lebeuf Jr. as Board of Directors Mosaic Minerals Corp. announced that effective March 18, 2021 Michel Lebeuf Jr. has resigned from the board of directors. Duyuru • Mar 11
Mosaic Minerals Prepares Philibert Bloc for 1,500 Meter Drill Program Mosaic Minerals Corp. announced that the company has started a VLF confirmation survey on the Philibert Claim Block located along strike to the east of the Nelligan gold deposit. The VLF survey is a confirmation survey over the most prominent Resistivity IP anomalies defining the Philibert-1 surface gold showing. The VLF survey will be performed on 4 lines, each one cutting across resistive IP anomalies, to better define the positions of the shear zones hosting mineralised quartz veins. This surface gold showing is characterized by outcropping quartz veins with some minor pyrite grading up to 31.06 g/t Au over 1.22 meter in surface channel sampling. The showing occurs near the northern edge of a strong magnetic anomaly and is associated to a weekly chargeable and resistive IP anomaly, being a typical response expected for non-conductive quartz veins. The showing also occurs to the south of a major E-W strong conductor interpreted by MERN as a regional E-W shear zone. More importantly, the Philibert-1 gold showing is close to a NNE-SSW fault interpreted from the Mosaic IP survey results. In this specific area, zones of gold enrichment are often associated to those NNE-SSW faults cutting across E-W structures. Therefore, chargeability anomalies located near NNE-SSW interpreted faults or near intersections of these interpreted faults with E-W conductors are of significant interest. Accordingly, 11 priority drilling targets were identified, and intend to focus on those targets with initial drilling of this project”. See also Opawica Gold Project – Mosaic Minerals Corp. Soon after the VLF survey is completed and before the end of March, and subject to the availability of a drill rig, Mosaic plans to drill Philibert-1 with a 1,500 metre +/- 10 holes initial program. Duyuru • Feb 26
Mosaic Minerals Corp. announced that it has received CAD 0.286 million in funding On February 24, 2021, Mosaic Minerals Corp. (CNSX:MOC) closed the transaction. The company issued 3,575,000 units for gross proceeds of CAD 286,000. The warrants are exercisable until February 23, 2023. Finder’s fees of CAD 18,440 were paid and 321,000
finder’s warrants were issued to three arm’s length parties. The finder’s warrants are exercisable at CAD 0.15 per share for two
years. All securities issued are subject to an investment hold period expiring June 23, 2021. Duyuru • Jan 28
Mosaic Minerals Corp. announced that it expects to receive CAD 0.5 million in funding Mosaic Minerals Corp. (CNSX:MOC) announced a non-brokered private placement of up to 6,250,000 units at a price of CAD 0.08 per unit for gross proceeds of up to CAD 500,000 on January 27, 2021. Each unit will be comprised of one common share and one two-year share purchase warrant exercisable at CAD 0.15 per share. Duyuru • Jan 14
Mosaic Minerals Corp. Completes Canalask Claims Assembly Maurice Giroux, President and CEO of Mosaic Minerals Corp. announced that the claims assembly of the CANALASK multi-metallic project in Northern Quebec is complete. The Canalask property is made up of 16 mining claims covering 770 hectares to the North West shore of Lake Dunphy located 150 km NNW of Shefferville in SNRC 24B04. The claims are 100% owned by Mosaic Minerals. The Canalask Property assembly was undertaken following an extensive compilation by Mosaic Minerals of all available mineral showings listed in the Quebec Ministère de l'Énergie et Ressources data base in Quebec. The Canalask Property encloses 2 well documented multi-metallic showings namely, the Canalask and the Lac Dunphy surface showing of copper, zinc, silver and gold. The mineralization of the Canalask showing is described in the Ministère de l'Énergie et des Ressources Naturelles of Québec's archive as being of veins type at the contact of a gabbro and a mudstone unit and consist of chalcopyrite, malachite, and minor bornite. Historically, a surface chipped channel sample grading 8% Zn, 0.90% Cu, 62.0g/t Ag and 1.25 g/t Au over 30 metres is reported and well documented. The mineralization of the Lac Dunphy showing is described as of stratiform type, oriented N195 0-2100. It is characte ized by mineralized bands of massive calcite of centimetric to decametric width. The main horizon can be observed on as long as 45 metres over width of 0.25 up to 1.0 metre. On that structure, a chosen grab sample reported 18.25% Cu and a drill hole reported grades of 10.45% Cu, 0.17g/t Au, 18.5 g/t Ag over 0.5 metre. In addition, the Lac Dunphy showings returned grades of 3.63% Cu, 8.4 g /t Ag over 1 m, (trench); 4.99% Cu, 17.6 g /t Ag The polymetallic type mineralization is of particular interest because the mineralized showings of this type found so far indicate that this is a regional phenomenon with the potential to host appreciable quantities of metals. The available data suggests that the property appears to have potential for discovery and that further investigation is warranted. Duyuru • Jan 08
Mosaic Minerals Corp. (CNSX:MOC) acquired Crisafy Gold Property for CAD 0.04 million. Mosaic Minerals Corp. (CNSX:MOC) acquired Crisafy Gold Property for CAD 0.04 million on January 6, 2021. The purchase consideration for the Crisafy Property is CAD 5,000 and the issuance of 300,000 common shares at the closing of the Purchase Agreement. Two additional payments of CAD 5,000 each will be made at three months and 12 months after the closing date. The Vendor will retain a 1.5% Net Smelter Return royalty which may be purchased by Mosaic for the sum of CAD 500,000 at any time.
Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Crisafy Gold Property on January 6, 2021. Duyuru • Nov 19
Mosaic Minerals Corp. Appoints Michel Lebeuf Jr. and Eric Allard to the Board of Directors Mosaic Minerals Corp. announced that effective November 18, 2020 Michel Lebeuf Jr. and Eric Allard have been appointed to the board of directors. Mr. Lebeuf is a partner practicing corporate and securities law in a prominent Montreal law firm. He serves on the boards of directors of several listed public corporations. His experience and expertise bring added legal and compliance depth to Mosiac's board of directors. Mr. Allard is a consulting a geological engineer, and President of ERA Consulting Inc. Mr. Allard has 20 years of experience in project and operations management for exploration mining, oil & gas, and construction engineering. Mr. Allard has held various positions as VP Operations in junior mining companies in Canada and Africa and for the last 10 years has been managing a geophysical services company in Canada. His appointment strengthens Mosiac's technical team. 
