Analyst Coverage

Arena Minerals is followed by the individuals and firms listed below

The opinions, estimates or forecasts regarding Arena Minerals’ performance made by these individuals must be regarded as theirs alone and should not be taken as representing opinions, forecasts or predictions of Arena Minerals or its management. By reference to the information
below, Arena Minerals does not imply that it adopts, endorses or concurs with any information, conclusions or recommendations provided by such.

Stifel
Cole McGill
416-943-6631
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Brandon Smith
416-943-4224

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David Davidson
416-360-3462

Share Price History

Capital Structure

Shares Outstanding 388,402,818
Warrants
Avg strike price: $0.19 (>80% held by GFL)
61,837,771
Options
Avg strike price: $0.26
14,698,444
Fully Diluted 464,939,033
Cash Balance (Dec 1,2021) $6.7M CAD