Capital Structure

Thursday, September 19, 2024

All values are expressed in Canadian dollars unless otherwise noted.

Shares Outstanding	381,878,243
Fully Diluted	515,473,524
Estimated Cash	~CA$2.5 million
Debt	None
Avg. Daily Trading Volume (TSXV)	~600,000
Supportive Shareholders	9.9% Doyon Ltd. 22.3% Crescat Capital 15% Tectonic and Others
Most Recent Financings	2024: $1,691,712 @ $0.06/Unit (1 half 2-yr warrant at $0.10 expiring November 2026) 2024: $586,820 @ $0.06/Unit (1 half 2-yr warrant at $0.10 expiring October 2026) 2024: $3,070,639 @ $0.06/Unit (1 half 2-yr warrant at $0.10 expiring August 2026) 2023: $4,323,096 @ $0.11/Unit (1 half 2-yr warrant at $0.15 expiring September 2025) 2023: $3,346,785 @ $0.11/Unit (1 half 2-yr warrant at $0.15 expiring July 2025) 2022: $3,100,900 @$0.08 Unit (1 Full 2-yr warrant at $0.12 expiring November 2024) 2022: $2,300,000 @ $0.06 Unit (1 half 2-yr warrant at $0.10 expiring July 2024)

*Accelerated exercise clause: If shares have traded at or above $0.56 on the TSX Venture Exchange for 10 consecutive trading days, Tectonic may give notice that the warrant will expire, if not exercised, within 30 days from the date of issuance of a news release announcing the acceleration