Sirios Adds $3.5 Million to Its Cash Reserves Following the Exercise of Warrants and Stock Options

Rhea-AI Summary

Sirios Resources (OTCQB: SIREF) reported a capital injection of $3.47 million from the exercise of 28,439,748 warrants and 2,100,000 stock options, issuing 30,539,748 new shares. Outstanding shares now total 671,119,508. Institutional investors contributed $1.5 million. Sirios will also attend several Q2 mining and finance conferences.

Positive

• Cash balance increased by $3,472,730 from warrant and option exercises
• 30,539,748 securities exercised that were due to expire by July 2027
• Institutional investors NQ Investissement Minier and CDPQ Sodémex contributed $1.5 million
• Management highlights greater financial flexibility for exploration and investment programs

Negative

• Share count increased to 671,119,508, implying dilution for existing shareholders
• Issuance of 30,539,748 new shares may spread earnings and asset value over more shares

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Montreal, Quebec--(Newsfile Corp. - May 12, 2026) - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios" or "the Company") announces an additional capital injection, which provides it with greater financial flexibility to carry out its exploration and investment programs.

Since the update on January 15, 2026, the exercise of 28,439,748 warrants and 2,100,000 options has added $3,472,730 to Sirios's cash balance and resulted in the issuance of 30,539,748 shares. There are now 671,119,508 common shares outstanding. The warrants and options exercised were due to expire in April 2026, December 2026, and July 2027. Of this amount, $0.5 million comes from warrants exercised by NQ Investissement Minier and $1 million from the early exercise of warrants due to expire in 2027 by CDPQ Sodémex Inc., a wholly owned subsidiary of La Caisse de dépôt et placement du Québec.

"These transactions reflect the ongoing support of our long-standing shareholders and demonstrate their confidence in our growth plan. The participation of Quebec institutional funds is yet another demonstration of their support for Sirios," said Jean-Félix Lepage, CEO of Sirios.

Sirios will participate in financial conferences in the second quarter

As part of its ongoing commitment to enhancing its market visibility and shareholder engagement, Sirios will participate in the following conferences:

• Deutsche Goldmesse, May 15-16, Frankfurt, Germany
• Current Trends in Mining Finance, presented by SME NYC, May 19-20, New York
• OTC Hybrid Conference, May 21, New York and virtual
• THE Mining Investment Event of the North, Quebec City, June 2-4

In addition, Jean-Félix Lepage will hold a series of one-on-one meetings with investors in Zurich, Munich, Brussels, Bruges, and New York. Full details regarding these events are available on the Sirios website. To request an invitation, please send an email to info@sirios.com.

About Sirios

Sirios Resources is a Quebec-based mineral exploration company focused on developing its Cheechoo gold deposit, as well as exploring and advancing its other high-potential gold projects in the Eeyou Istchee James Bay region of Canada. On December 11, 2025, Sirios announced the details of the acquisition of OVI Mining, a milestone in the company's history.

Contact

Jean-Félix Lepage, CEO
Phone : 438-454-5636
jflepage@sirios.com
www.sirios.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws, based on expectations, estimates, and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual events, results, performance, expectations, and opportunities to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in these forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the preliminary nature of metallurgical test results; delays or failures in obtaining required governmental, environmental, or other approvals; uncertainties regarding the availability and cost of necessary future financing; changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks associated with the mineral exploration and development industry; and the risks disclosed in the Company's public filings on SEDAR+ at www.sedarplus.ca. Although the Company believes that the assumptions and factors used to prepare the forward-looking statements contained in this press release are reasonable, readers should not place undue reliance on this information, which is valid only as of the date of this press release, and there is no guarantee that these events will occur or occur within the timeframes indicated. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its regulatory services provider (as defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297108

FAQ

How much cash did Sirios Resources (OTCQB: SIREF) raise from recent warrant and option exercises?

Sirios Resources raised about $3,472,730 through exercised warrants and stock options. According to Sirios, 28,439,748 warrants and 2,100,000 options were exercised, strengthening its cash position for exploration and investment programs.

How many new shares did Sirios Resources issue in May 2026 and what is the new share count?

Sirios issued 30,539,748 new shares from exercised warrants and options. According to Sirios, total outstanding common shares now stand at 671,119,508, reflecting the impact of these recent exercises on its capital structure.

What role did institutional investors play in the latest Sirios Resources (SIREF) capital injection?

Institutional investors contributed $1.5 million to Sirios’s new capital. According to Sirios, NQ Investissement Minier exercised $0.5 million in warrants, while CDPQ Sodémex completed $1 million in early warrant exercises due in 2027.

How do the exercised warrants and options affect Sirios Resources shareholders?

The exercises increased cash but also expanded Sirios’s share count to 671,119,508. According to Sirios, 30,539,748 new shares were issued, which can dilute existing holdings while enhancing funding for exploration and investment programs.

Which 2026 conferences will Sirios Resources attend to engage investors?

Sirios plans to attend several Q2 2026 events, including Deutsche Goldmesse and SME NYC’s Current Trends in Mining Finance. According to Sirios, it will also join the OTC Hybrid Conference and THE Mining Investment Event of the North.