Underpass Falls 1

Capital Structure

Share Capital

As at February 1, 2026

Current issued and outstanding217,601,618
Warrants outstanding
13,555,401 @ $0.18 (Expires October 2, 2026)

12,991,728



ESOP Options outstanding9,400,000
Fully Diluted239,993,346
Cash Balance$10,800,000

Major Shareholders

Management & Insiders5.45%
Centerra Gold Inc.9.90%
Alamos Gold (NYSE-AGI)10.57%
EuroPac Gold Fund5.68%
Delbrook Capital10.82%
Dynamic Funds2.09%
Eric Sprott1.84%
Rob McEwen1.53%
Robert Quartermain0.46%
Other Institutions12.00%
Public Float39.66%

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