Arras Minerals Stock Price, News & Analysis

Arras Minerals announced the mobilization of a second drill rig to its Phase 2 drill program at the Elemes Project, expected to commence later in June 2025. The company completed a 1,000 line-kilometer ground magnetic survey and a 65 square-kilometer Vector IP survey at the Berezski and Aimandai targets. Notable previous drill results include intercepts of 547 meters at 0.70% CuEq at Berezski North and 261 meters at 0.64% CuEq at Berezski Central. The company also announced progress in its Arras-Teck Strategic Alliance properties, including an 80-line kilometre pole-dipole IP survey and a 5,000-meter drill program. Additionally, Arras has terminated its option agreement for the Beskauga Project, choosing not to proceed with the US$15 million payment to Copperbelt AG, instead focusing resources on its existing 3,300 square kilometre land package in Kazakhstan.

Arras Minerals held its annual and special meeting of shareholders on April 29, 2025, with 30.8% (31,113,266) of outstanding shares represented. Shareholders approved setting the board to seven directors, with all nominees receiving overwhelming support of 99.8% votes in favor.

Key highlights include:

• All seven directors, including Brian Edgar, Timothy Barry, and Darren Klinck, were elected with strong shareholder backing
• Smythe LLP appointed as auditors with 99.9% approval
• Shareholders approved amendments to equity incentive plan (98.9% in favor)
• Company granted 39,498 deferred share units to independent directors at C$0.7754 per DSU

This marks the first DSU grant to independent directors, issued as compensation for Q2 2025 services in lieu of cash, based on the 5-day volume weighted average price on TSX Venture Exchange.

Arras Minerals Corp (TSXV:ARK)(OTCQB:ARRKF) has initiated its 2025 exploration field program in northeastern Kazakhstan. The program includes:

1. At the Elemes Project:

• Geophysics program at Berezski and Aimandai targets starting in 10 days
• Drilling at Berezski Central target beginning in May
• Vector IP geophysics program covering 65 sq km at Aimandai Target

2. Under the Arras-Teck Strategic Alliance:

• Core drilling program at Besshoky target
• Ground IP geophysics program at Bozshakol group of licenses

Additionally, the company granted 2,475,000 stock options to directors, officers, employees and advisors at C$0.83 per share, vesting over 3 years with a five-year term.

Arras Minerals Corp (OTCQB:ARRKF) has successfully closed an oversubscribed financing round, raising C$16.1 million through brokered and non-brokered private placements. The company issued 18,941,177 common shares at $0.85 per share, with Teck Resources increasing its ownership to approximately 9.9%.

The financing consisted of a brokered portion of 15,119,708 shares led by Haywood Securities Inc. and a non-brokered portion of 3,821,469 shares. The funds will support exploration activities at the Elemes Project in Kazakhstan, with programs set to commence later this month. The financing ensures the company is fully funded for its Phase 2 exploration program, with operational flexibility extending into 2026.

Arras Minerals Corp (OTCQB:ARRKF) has successfully raised C$4,053,733 through the complete exercise of 10,134,332 warrants by holders, following the company's acceleration of the warrant expiry date announced on February 12, 2025.

The company plans to commence fieldwork in April, focusing on the Phase 2 program at Elemes and the Arras-Teck Strategic Alliance work program in Kazakhstan. Additionally, Arras has granted 241,196 restricted share units (RSUs) to officers as 2024 performance awards, vesting one year from February 27, 2025.

The company has also settled 1,495,484 RSUs granted in February 2024 as common shares. Following these transactions, Arras now has 100,865,297 common shares outstanding.

Arras Minerals (ARRKF) has announced its 2025 exploration program plans under the Arras-Teck Strategic Alliance, covering 1,736 sq km of licenses in Kazakhstan. The program includes:

- A +5,000m diamond drill program targeting multiple copper and copper-gold sites
- A 75 line-km Pole-Dipole Induced Polarization program
- Drilling expected to commence in Q2 2025

The alliance focuses on two main areas: Package A (1,397 sq km) with four priority targets (Taga-Ketti, Shirderty, Pinta, and Tort-Kuduk) near the Bozshakol copper-gold mine, and Package B (629.8 sq km) featuring the Besshoky target, a +20 sq km lithocap with potential for porphyry Cu-Mo and high-sulfidation epithermal Au mineralization.

Arras Minerals Corp. (TSXV: ARK) (OTCQB: ARRKF) has announced its participation in the upcoming Prospectors & Developers Association of Canada's (PDAC) Convention. The event will be held at the Metro Toronto Convention Centre from March 2-5, 2025. Interested parties can visit Arras Minerals at Booth #2909 during the convention.

Arras Minerals (TSX-V:ARK, OTCQB:ARRKF) has announced the acceleration of the expiry date for its common share purchase warrants issued on June 6, 2024. This decision comes after meeting the Acceleration Condition, where the volume weighted average trading price (VWAP) of common shares exceeded $0.60 for 15 consecutive trading days.

Currently, 10,084,330 Warrants remain unexercised. Each warrant can be exercised to acquire one Common Share at $0.40. If all warrants are exercised, the company stands to receive approximately $4.03 million in proceeds. Warrantholders have until March 14, 2025 (30 days from announcement) to exercise their warrants, after which any unexercised warrants will be automatically canceled.

Arras Minerals has announced significant results from its Phase 1 drill program at the Berezski target in Northeast Kazakhstan. The highlight includes hole EL24005, which yielded 547 meters of mineralization grading 0.70% copper-equivalent, starting from just 14 meters depth.

The Elemes project, located 61km southeast of Kaz Mineral's Bozshakol Copper Mine, has shown promising results with multiple drill holes intercepting substantial mineralization. Notable intercepts include EL24006 with 56m grading 0.68% CuEq and EL24010 with 152m grading 0.13% CuEq.

The company plans a Phase 2 program including approximately 20,000 meters of core drilling at Berezski target and 5,000 meters at Aimandai target. The program will also include ground magnetic surveys and comprehensive soil sample analysis to identify priority drill targets.