New Risk • May 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$141k free cash flow). Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.12m market cap, or US$811.6k). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Board Change • Feb 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Tony Clements 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. New Risk • Jan 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$159k 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$159k free cash flow). Earnings have declined by 11% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.45m market cap, or US$1.00m). 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: 37% 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 Earnings have declined by 0.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.45m market cap, or US$1.01m). New Risk • Oct 27
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$159k 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$159k free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.48m market cap, or US$1.79m). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Duyuru • Aug 21
Vatic Ventures Corp. announced that it expects to receive CAD 0.75 million in funding Vatic Ventures Corp. announced a non brokered private placement to issue 15,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 750,000 on August 20, 2024. Each unit comprises one common share of the company and one common share purchase warrant, with each warrant being exercisable for an additional common share of the company at CAD 0.075 for 24 months from the date of issue. The company is also seeking approval to close the first tranche of the financing for aggregate gross proceeds of CAD 92,005. On receipt of approval to close this first tranche, the company will issue1,840,100 common shares and 1,840,100 common share purchase warrants to various subscribers. The company has filed documents with the TSX Venture Exchange seeking conditional approval. In connection with the financing, the company may pay finders' fees in accordance with the policies of the exchange. All securities issued pursuant to the financing are subject to a four-month-plus-one-day hold period. New Risk • Jan 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 Less than 1 year of cash runway based on free cash flow trend (-CA$653k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.98m market cap, or US$1.47m). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Board Change • Jan 15
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. CEO & Chairman Loren Currie was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Dec 09
Vatic Ventures Corp. Options 100% Interest in Brazil Hardrock Lithium Pegmatite Property, with Recent Samples of 5.03% Li2o Vatic Ventures Corp. announced that it has entered into a share purchase agreement with arms length vendors (the "Optionors") to acquire, subject to TSX Venture Exchange ("TSXV") approval, a 100% interest in a private company which holds an option to acquire a highly prospective hard rock lithium property ("Solonopole South"). The property hosts multiple extensive lithium bearing pegmatite dykes that recently returned initial grab samples of 5.03% Li2O, 3.72% Li2O and 3.41% Li2O. The Solonopole South Lithium Property consists of 4 claim blocks covering 4,813.57 hectares. The property is located in the coastal state of Ceara in Northeast Brazil, 40 km from the city of Solonopole in a known pegmatite mining district. Vatic's Solonopole South Property is also located approximately 30 km Southeast of Oceana Lithium Limited's ("OCN" - ASX) property. Oceana Lithium Limited' recent sampling returned up to 9.89% Li2O as well as over 1% Ta, 1% Nb, over 1000 ppm Tin, and over 2.5% Be. The initial 2023 exploration program completed by the former property owner revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored. Vatic is planning an upcoming work program that will include GPS sample site controls for overburden stripping, mapping, channel sampling and trenching. Vatic is in the process of engaging sampling crews and is working with local Brazil based geological consultants to help plan a follow up drilling program to evaluate the priority targets. The SolonopoleSouth Property covers historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin. Initial sampling of the Solonopole South Pegmatites returned Spodumene bearing pegmatite samples that graded up to 5.03% Li2 O. The Company anticipates this to be filed with the TSXV on an expedited transaction basis. No finder's fees will be payable in connection with this arm's length transaction. The technical content in this release has been reviewed and approved by Mitchell E. Lavery, P.Geo, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The Company's QP has not verified the technical and scientific information from neighboring projects and the Company has not verified the technical and technical information from neighboring projects and other projects. Board Change • Dec 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. 2 experienced directors. 1 highly experienced director. CEO & Chairman Loren Currie was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 19
Vatic Ventures Corp., Annual General Meeting, Dec 20, 2023 Vatic Ventures Corp., Annual General Meeting, Dec 20, 2023. New Risk • Jul 16
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 17% 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$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.89m market cap, or US$2.95m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Jul 01
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$1.3m 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$1.3m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.89m market cap, or US$2.94m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Duyuru • Dec 13
Vatic Ventures Corp. announced that it has received CAD 0.598 million in funding On December 12, 2022, Vatic Ventures Corp. closed the transaction. Duyuru • Dec 09
Vatic Ventures Corp. announced that it expects to receive CAD 0.598 million in funding Vatic Ventures Corp. announced a private placement of 2,600,000 flow-through units at an issue price of CAD 0.23 for the gross proceeds of CAD 598,000 on December 8, 2022. Each unit consists of 1 flow-through common share and one half common share purchase warrant. Each warrant being exercisable for an additional flow-through common share at CAD 0.40 for 24 months. The company may pay in cash of finder's fees and broker warrants issued as per the exchange policy. All securities issued pursuant to the transaction will be subject to a 4 month hold period and units are subject to the receipt of all regulatory approvals. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Matt Mikulic was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jul 20
Vatic Ventures Corp., Annual General Meeting, Sep 29, 2022 Vatic Ventures Corp., Annual General Meeting, Sep 29, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Matt Mikulic was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
