Board Change • May 20
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director John Kerr was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Jan 29
Equity Metals Corporation Announces Crews and Drill Mobilized to Commence Winter '26 Program on the Silver Queen Ag-Au Property, British Columbia Equity Metals Corporation reported that crews have mobilized in preparation for drilling on its 100% owned 18,871-hectare Silver Queen Property, northern British Columbia. In this initial drilling program, sixteen-holes totaling 4,200 metres are planned to test parts of the existing resource model and will include twinning of several historical holes. Intercepts will be used to continue validation of the historical drill results, and mineralization from the new holes will be used for additional metallurgical test work on the No. 3 vein. This phase of the 2026 program is designed to further de-risk the project in preparation for economic assessment. In addition to this first phase of the 2026 program, a larger exploration/development program is planned on the property, which will include: Relogging and sampling of several historical drill holes from 2017-18; Re-establishing underground access to the historical workings via the Earl Adit on the No. 3 Vein for lidar scanning and re-sampling purposes; and. Drilling on newly developed greenfields targets in the broader district generated in part through the Fall '25 sampling program and earlier compilation. The No. 3 Vein hosts the single largest resource currently identified on the Silver Queen property and with its southern extension, the NG-3 Vein, account for 65% of the currently modelled mineral resources on a AgEq basis. The NI43-101 Mineral Resource Estimate with effective date December 1st, 2022 is detailed in a News Release issued on Jan 16, 2023, which can be found by clicking here and the full Technical Report can be found on SEDAR+ and the Company's website. The company also reports that final assays from 2025 drilling on the Arlington property have been received. Nine core holes totaling 3,407 metres were completed and tested three separate "hot-spot" clusters of strongly anomalous Au-Ag-As values within the South Fresh Pots soil anomaly. Drilling intersected several, shallowly dipping gold-enriched quartz veins within a granodioritic host rock Assay highlights include: A 1.6 metre interval averaging 3.9g/t Au, 0.29% Cu, (6.6g/t AuEq), from AR25-001; A 7.0 metre interval averaging 1.2g/t Au, 0.,03% Cu, (1.2g/t AuEq"), from AR25-004; and A 2.0 metre interval averaging 3.1g/t Au, 0.'01% Cu, (3.1g/t AuEq, from AR25-005. Board Change • Dec 30
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. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director John Kerr was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Dec 02
Equity Metals Corporation, Annual General Meeting, Jan 28, 2026 Equity Metals Corporation, Annual General Meeting, Jan 28, 2026. Location: british columbia, vancouver Canada Duyuru • Nov 11
Equity Metals Corporation announced that it expects to receive CAD 4.6 million in funding Equity Metals Corporation announced a non-brokered flow-through private placement consisting of 20,000,000 Charity/Premium flow-through units at an issue price of CAD 0.23 per share for gross proceeds of CAD 4,600,000 on November 10, 2025. Each FT Unit will be comprised of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of CAD 0.40. The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Duyuru • Jun 03
Equity Metals Corporation Initiates Drilling on the Arlington Gold Property, British Columbia Equity Metals Corporation reported that drilling has commenced on the Arlington property, southern British Columbia. Up to 3,000 metres of drilling will target three separate clusters of strongly anomalous Au-Ag-As-in-soil anomalies in the south Fresh Pots area that have been enhanced by geophysical features identified in a recently completed DCIP geophysical survey. Additional surface sampling and mapping towards further drill target definition is also planned for the north Fresh Pots, Rona and other target areas on the property and will include initial targeting on several new claims that were staked earlier this year. Work will continue through the month of June and into the early part of July. The drilling is part of a fully funded 2025 exploration program initiated in January 2025, consisting of now-com completed property-wide airborne magnetic and radiometric geophysics surveys, a Lidar survey and a DCIP geophysical survey over specific target areas, including the Fresh Pots Au-Ag-As- in-soil anomalies. The Fresh Pots target itself is a broad 800 metre x 2000 metre Au in-soil anomaly that extends in a north-northeast direction through the center of the property and is on trend with the Rona showing. To date, 2,271 soil samples have been collected over the Fresh Pots and Rona targets with 75 samples returning >100ppb Au and eight samples >1 ppm Au (1g/t Au). The Fresh Pots soil anomaly is further characterized by a prominent magnetic low and an elevated K/Th radiometric signature identified in an airborne magnetic/radiometric survey flown over the entire 5,387ha Arlington property in January 2025. Duyuru • Dec 26
Equity Metals Corporation, Annual General Meeting, Feb 27, 2025 Equity Metals Corporation, Annual General Meeting, Feb 27, 2025. Location: british columbia, vancouver Canada Duyuru • Dec 21
Equity Metals Corporation announced that it has received CAD 2.473377 million in funding On December 20, 2024, Equity Metals Corporation, closed the transaction. The company issued 9,160,657 Charity/Premium flow-through units at an issue price of CAD 0.27 per unit for the gross proceeds of up to CAD 2,473,377.39. The transaction has been oversubscribed. The Company paid finders' fees totaling CAD 43,210.80 and issued an aggregate 240,060 non-transferable finder warrants in connection with the Offering. Duyuru • Nov 26
Equity Metals Corporation announced that it expects to receive CAD 2.16 million in funding Equity Metals Corporation announced a non-brokered private placement that it will issue up to 8,000,000 Charity/Premium flow-through units at an issue price of CAD 0.27 per unit for the gross proceeds of up to CAD 2,160,000 on November 26, 2024. Each FT Unit will be comprised of one flow-through common share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of CAD 0.27. New Risk • Oct 15
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €86k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (€86k sold). Market cap is less than US$100m (€25.3m market cap, or US$27.5m). Duyuru • Jun 21
Equity Metals Corporation announced that it has received CAD 4.0592 million in funding On June 20, 2024, Equity Metals Corporation closed the transaction. The company announced that 13,760,000 Charity/Premium flow-through units at a price of CAD 0.295 for gross proceeds of CAD 4,059,200. Each FT Unit consists of one flow-through common share and one-half one share purchase warrant, with each whole warrant entitling the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of CAD 0.295. The Company paid finders' fees totaling CAD 83,220 and issued an aggregate 414,600 non-transferable finder warrants in connection with the Offering. Each finder warrant is exercisable to purchase one common share for a period of 3 years at a price of CAD 0.20. All securities issued and sold under the Offering are subject to a hold period expiring on October 20, 2024. The Offering and the payment of finders' fees is subject to TSX Venture Exchange acceptance. Duyuru • May 16
Equity Metals Corporation announced that it expects to receive CAD 3.0975 million in funding Equity Metals Corporation announced a non-brokered Flow-through private placement consisting of 10,500,000 Charity/Premium flow-through units at a price of CAD 0.295 for gross proceeds of CAD 3,097,500 on May 15, 2024. Each FT Unit will be comprised of one flow-through common share and one-half of one non-flow-through warrant. Each whole warrant entitles the holder thereof to purchase one non flow-through common share for a period of 3 years at a price of CAD 0.295. The company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. New Risk • Apr 28
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$3.3m 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$3.3m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€21.8m market cap, or US$23.3m). New Risk • Feb 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.14m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (45% average weekly change). 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 (€9.14m market cap, or US$9.94m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Duyuru • Jan 16
Equity Metals Corporation Reports Final Drill Results from the Cole Lake Target Equity Metals Corporation reported assays from the final six holes on the Cole Lake target and a single hole from the Camp Target, which were completed as part of the Company's Autumn 2023 core drilling program on its 100% owned Silver Queen Au-Ag project, British Columbia. Assay results from the Cole Lake drilling returned multiple intercepts of strongly enriched precious and base metals, including: A 0.3 metre (est. TT) interval grading 0.9/t Au, 102g/t Ag, 0.2% Cu, 0.7% Pb and 17.5% Zn (11.3g/t AuEq or 921g/t AgEq) within a 2.5 metre (est. TT) intervals averaging 0.3g/t Au, 50g/t Ag, 0.,1% Cu, 0.5% Pb and 3.2% Zn (2.7g/t AgEq or 220/t AgEq) from the Cole Vein in drillhole SQ23-099;. A 0.6 metre (est TT) interval grading 0. 9g/t Au, 51g/t Ag,0.3% Cu, 0.5%. Pb and 8.5% Zn (6.3 AuEq or 514g/t AgEq). A 1.0 metre (est TT) interval averaging 1.1g/t Au, 177g/t Ag, 1.1% Cu, 0. 5% Pb and 1.2% Zn (5.6g/t AuEq and 454g/t AgEq") within a 2.6 metre (est. TT) period averaging 0.5g/t Au, 80g/t Ag, 0".7% Cu, 0.2% Pb and 0.5% Zn (2.5% AuEq or 223g/t AgEq), from a footwall vein of the Cole Lake in drillhole SQ23-103. These highlights are from the final six of nine core holes that tested the Cole Lake Vein system. Drilling included a second vertical fan of three holes that tested the NW-SE-trending Cole Vein approximately 200 metres to the southeast of Equity's earlier reported drilling on the target and two holes that tested the NNW-SSE-trending Cole Shear. The high-grade intercept continues to demonstrate continuity of the hangingwall vein, which remains open both at depth and along strike. The vein occurs at the southern edge of a broad multi-element soil anomaly identified in earlier 2023 surface sampling, suggesting potential for additional mineralization. These are the final assay results from nine core holes totaling 2,961 metres completed on the Cole Lake target and an single hole totaling 458 metres in the Camp Deposit during September and October 2023. Overall in 2023, twenty-six core holes were completed for a total of 9,989 metres and 1,437 soil sediment samples were collected. Drilling successfully demonstrated lateral and down-dip extensions of the known Camp and Sveinson deposits and confirmed the significant exploration potential to add resources at the new George Lake and Cole Lake targets, which were not included in the 2022 Mineral Resource update. Soil sampling results have confirmed and extended the surface expression of several known zones of mineralization as well as highlighted an exciting new 1 km2 polymetallic soil target located just north of the Camp Deposit. Duyuru • Jan 05
Equity Metals Corporation Provides Silver Queen Project Update Equity Metals Corporation announced that it continued core drilling on its Silver Queen property during 2023 with the twin goals of extending select known mineralized veins and of identifying new mineralization that may further increase the project's resource base, for which an independent 2022 resource estimate demonstrated a significant increase compared to the Company's 2019 resource. Importantly, the Company conducted initial drilling on two exciting targets that are not included in the current Silver Queen resource, George Lake and Cole Lake. Drill results from these two targets during 2023 suggest that shareholders can look forward to continued encouraging news flow about Silver Queen, with the next round of drilling planned to begin early in the spring of 2024. Twenty-six core holes were completed in 2023 for a total of 9,989 metres drilled and 1,437 soil sediment samples were collected. Drilling successfully demonstrated lateral and down-dip extensions of the known deposits and confirmed the significant exploration potential of the new George Lake and Cole Lake targets. Soil sampling results confirmed and extended the surface expression of several known zones of mineralization as well as highlighted an exciting new 1 km2 polymetallic soil target located just north of the Camp Deposit. Assay results from the final six holes of the 2023 campaign are pending and will be released shortly. Drilling in 2024 will focus on systematic resource expansion of the Camp and Sveinson deposits and the further delineation of mineralization at the Cole Lake and George Lake targets. Several additional new targets will be tested in 2024 including the newly identified soil anomaly north of the Camp Deposit. An initial 6000 metres of drilling is planned to test these targets. New Risk • Dec 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€13.4m market cap, or US$14.8m). Duyuru • Dec 21
Equity Metals Corporation announced that it has received CAD 1.615 million in funding Equity Metals Corporation announced a non-brokered flow-through private placement of 8,500,000 premium flow-through units at a price of CAD 0.19 per unit for gross proceeds of CAD 1,615,000 on December 20, 2023. Each unit consists of one flow-through common share and one share purchase warrant. Each warrant entitles the holder thereof to purchase one non flow-through common share for a period of 5 years at a price of CAD 0.18. All securities issued in connection with the offering are subject to a hold period expiring on April 21, 2024. The Offering is subject to TSX Venture Exchange acceptance. Duyuru • Dec 14
Equity Metals Corporation Reports Initial 2023 Drill Results from the Cole Lake Target Equity Metals Corporation reported encouraging assays from the 100% owned Silver Queen Au-Ag project, British Columbia, in its initial three holes from the Autumn 2023 core drilling program on the Cole Lake target. These latest drill results at the Cole Lake target returned multiple intercepts of strongly enriched precious and base metals, including: A 1.0 metre (est. TT) interval averaging 1.0/t Au, 287g/t Ag, 0.3% Cu, 0.5% Pb and 4.0% Zn (7.0g/t AuEq or 576g/t AgEq) within an 8.9 metre (est. TT) interval averaging 0.3g/t Au, 66g/t Ag, 0.1% Cu, 0.3% Pb and 1.2% Zn (1.9g/t AuEq or 157g/t AgEq) from the Cole Vein in drillhole SQ23-095; A 1.9 metre (est. TT) interval averaging 0.2g/t Au, 325g/t Ag, 0.2% Cu, 1.2% Pb and 1.6% Zn (5.7g/t AuEq or 467g/t AgEq) within a 3.8 metre (est. TT) interval averaging 0.2g/t Au, 212g/t Ag, 0.2% Cu, 0.9% Pb and 1.3% Zn (4.0g/t AuEq or 328g/t AgEq) from the Cole Vein in drillhole SQ23-096; and A 0.7 metre (est TT) interval averaging 2.0g/t Au, 89g/t Ag, 0.2% Cu, 7.9% Pb and 17.2% Zn (14.7 AuEq or 1206g/t AgEq) within a 2.4 metre (est. TT) interval averaging 0.9g/t Au, 33g/t Ag, 0.1% Cu, 2.4% Pb and 5.0% Zn (4.8g/t AuEq or 391g/t AgEq) from a hangingwall vein in drillhole SQ23-097. These results from the first three of nine core holes tested both the NW-SE-trending Cole Vein and the NNW-SSE-trending Cole Shear as part of Equity's 2023 drill program on the George Lake and Cole Lake target areas. Historical work on the Cole Lake target has included trenching, surface sampling, drill testing with 20 holes as well as the development of a shallow 25 metre shaft on the main Cole Vein which was supplemented by Equity's surface mapping, sampling and 3D modeling to form the basis for current drill targeting. These three holes form a vertical fan and confirm both the overall tenor and thickness of mineralization in the main Cole Vein to depths of +250 metres below surface. Mineralization remains open both at further depth and laterally where holes with pending assays will provide information along a +500-metre projected strike-length of the vein. Duyuru • Nov 29
Equity Metals Corporation Expands George Lake with Thicker Intercepts, Including 3.6 Metres (est TT) of 333 G/T AuEq in Hole SQ23-094 and 3.0 Metres (est TT) of 394g/t AgEq in Hole SQ23-093 Equity Metals Corporation reported encouraging assays in the final four holes from the George Lake target, tested during its Summer 2023 core drilling program on the Company's 100% owned Silver Queen Ag-Au project, located in central British Columbia. These new assays expand mineralization, adding to the first three holes from George Lake reported in NR-16-23, dated October 4th, 2023. Mineralization remains open laterally and at depth, and no mineralization from the George Lake target was included in Equity's most recently announced Mineral Resource update on the Silver Queen project. These latest drill results at the George Lake target returned multiple intercepts of precious and base metals, including: A 0.9 metre (est. TT) interval averaging 7.1g/t Au, 56g/t Ag, 0.2% Cu, 1.5% Pb and 6.0% Zn (11.6g/t AuEq or 946g/t AgEq) within a 3.0 metre (est. TT) interval averaging 2.5g/t Au, 31g/t Ag, 0.4% Cu, 0.5% Pb and 2.5% Zn (4.8g/t AuEq or 394g/t AgEq) starting at 320.2 metres downhole from drillhole SQ23-093; A 0.9 metre (est. TT) interval averaging 1.2g/t Au, 98g/t Ag, 0.1% Cu, 2.6% Pb and 17.7% Zn (12.3g/t AuEq or 1002g/t AgEq) within a 3.6 metre (est. TT) interval averaging 0.4g/t Au, 32g/t Ag, 1.1% Pb and 5.6% Zn (4.1g/t AuEq or 333g/t AgEq) starting at 322.2 metres downhole from drillhole SQ23-094; and A 0.5 metre (est TT) interval averaging 10.4g/t Au, 115g/t Ag, 0.6% Cu, 0.9% Pb and 1.4% Zn (13.7 AuEq or 1118g/t AgEq) starting at only 12.3 metres down hole in drillhole SQ23-094. These new results include both the thickest intercept of mineralization identified by Equity Metals to date at the George Lake Target and some of the highest gold grades, including relatively shallow gold- enriched mineralization identified at the top of drillholes SQ23-094 and SQ23-093 in a previously undetected vein that requires further drilling and delineation. Historically, the George Lake vein system was last tested by previous management with both surface and underground drilling from the Bulkley cross cut in the late 1980's. Drilling by Equity has confirmed the lateral projection of the mineralized vein approximately 300 metres to the southeast of the Bulkley cross- cut and to depths of up to 250 metres. Mineralization remains open laterally to the southeast and to depth for further testing and will be a primary target in 2024 exploration of the Silver Queen property. All assays have now been received from the George Lake drilling. The Company also reports that its has completed its 2023 Drilling Program on the property. Seven core holes totaling 2,467 metres were completed on the George Lake Target and a further nine core holes totaling 2,961 metres were completed on the Cole Lake Target. Drilling was completed in late October 2023, and samples from Cole Lake have been submitted for assay, with results anticipated in the coming weeks. In total during 2023, 26 core holes were completed for 9,989 metres drilled and 1,437 soil sediment samples were collected. Duyuru • Nov 18
Equity Metals Corporation, Annual General Meeting, Jan 25, 2024 Equity Metals Corporation, Annual General Meeting, Jan 25, 2024. New Risk • Nov 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.05m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.05m market cap, or US$9.67m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). New Risk • Oct 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.23m (US$9.71m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€9.23m market cap, or US$9.71m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). Duyuru • Aug 19
Equity Metals Corporation announced that it has received CAD 0.814205 million in funding On August 17, 2023, Equity Metals Corporation, closed the transaction. The company issued 6,263,112 flow-through units at a price of CAD 0.13 per flow-through unit for gross proceeds CAD 814,204.56 in the transaction. As a part of the transaction, the company paid finders' fees comprised of an aggregate CAD 44,952.28 cash and 345,787 non-transferable warrants in connection with the Offering. The offering and payment of finders' fees is subject to TSX Venture Exchange approval. Duyuru • Jul 01
Equity Metals Corporation announced that it expects to receive CAD 0.55 million in funding Equity Metals Corporation announced a non-brokered private placement of 4,230,770 flow-through units at a price of CAD 0.13 per flow-through unit for gross proceeds of up to CAD 550,000 on June 30, 2023. Each flow-through unit will be comprised of one flow-through common share and one-half of one non-flow-through warrant. Each whole warrant entitles the holder thereof to purchase one non-flow-through common share for a period of 3 years at a price of CAD 0.20. The company may pay finders' fees comprised of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Duyuru • Jun 08
Equity Metals Corporation Reports New Assays from its Spring 2023 Core Drilling Program Equity Metals Corporation reported new assays from its Spring 2023 core drilling program on the Company's 100% owned Silver Queen Ag-Au project, located in central British Columbia. The new assays continue to extend mineralization on the west side of the Camp Vein Deposit and confirm blind, hanging wall mineralization north of the main vein set. a 0.8 metre (est. TT) interval beginning at 463.5m grading 1952g/t Ag, 0.1% Pb and 0.2% Zn (24.1g/t AuEq or 1971g/t AgEq) within a 1.7 metre interval averaging 926g/t Ag, 0.1% Pb and 0.7% Zn (11.8g/t AuEq or 964g/t AgEq) from drill hole SQ23-080; and a 0.5 metre (est. TT) interval beginning at 463.1m grading 490g/t Ag, 1.2% Pb and 2.4% Zn (7.8g/t AuEq or 641g/t AgEq) from drillhole SQ23-079. These intercepts were returned from one of the more southerly veins within the Camp/Sveinson vein system and represent a 270 metre down-dip and a 140 metre lateral step-out from previous drilling. The intercept in drill hole SQ23-080 is the deepest bonanza-grade silver intercept identified in the Camp/Sveinson vein system to date and reflects the continued exploration potential both at depth and laterally to the west within the southerly vein set. Shallow gold and base metal -rich mineralization intersected beginning at 30.5m depth in the upper part of drill hole SQ23-080 is similar to that reported earlier from hole SQ23-079 and confirms a shallow, blind target in the hanging wall, north of the main vein set. Nine holes totaling 4,038 metres were completed in the Spring 2023 drill program, testing the westward strike extensions of the Camp Target and a drilling gap within the Sveinson Target. Final assays have been received from only two of the nine holes and additional assays are anticipated over the coming weeks. A short surface soil sampling program is underway on the property and drilling is set to resume mid-June to test the George and Cole Lake vein targets. The George and Cole Lake veins have been partially tested by historical drilling, which identified several hundred metres of strike length at each target that projects to between 200 metres and 400 metres depth, respectively. Neither target has yet been incorporated into the 43-101 Mineral Resource Estimate of the property. Duyuru • Jan 19
Equity Metals Corporation announced that it has received CAD 2.75 million in funding On January 17, 2023, Equity Metals Corporation closed the transaction. The company amended the terms of the transaction. The company issued 23,545,233 units for gross proceeds of CAD 2,742,649.26. The company issued 10,500,000 non-flow-through units at a price of CAD 0.10 per unit for gross proceeds of CAD 1,050,000 in its second tranche closing. Securities issued pursuant to the final tranche of the transaction include common shares, share purchase warrants and finder's warrants issued as finder's fees, all of which carry a legend restricting trading of the securities until May 17, 2023. In connection with the transaction, the company paid finders' fees comprised of an aggregate CAD 56,155.68 and 490,764 non-transferable finder warrants, with each finder warrant exercisable to purchase one common share for a period of 3 years at a price of CAD 0.15. The transaction and payment of finders' fees is subject to TSX Venture Exchange approval. The transaction included participation from two insiders for an aggregate 583,333 flow-through units. Recent Insider Transactions • Dec 18
Chairman recently sold €86k worth of stock On the 14th of December, Lawrence Page sold around 833k shares on-market at roughly €0.10 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Lawrence's only on-market trade for the last 12 months. Duyuru • Nov 18
Equity Metals Corporation, Annual General Meeting, Jan 25, 2023 Equity Metals Corporation, Annual General Meeting, Jan 25, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Kerr was the last independent director to join the board, commencing their role in 2019. 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 There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Courtney Shearer is the most experienced director on the board, commencing their role in 2019. Independent Director John Kerr was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jan 13
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. 1 experienced director. No highly experienced directors. Independent Director Courtney Shearer is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.