Aurbis Announces Existing Warrant Repricing and DarkStar Capital LLC Investor Awareness Agreement

Aurbis reprices 1,000,000 warrants and advances Ecru drilling with new marketing spend.

What the company is saying

Aurbis Resources Corp. is repricing 1,000,000 existing $0.225 warrants issued in November 2024 to a new exercise price of $0.16, aiming to incentivize early exercise and raise funds for the Ecru Gold Project drill program. For each warrant exercised at $0.16, holders receive an additional warrant exercisable at $0.225 until November 13, 2028, with an accelerated expiry if shares trade at or above $0.30 for 30 consecutive days. The company highlights that this repricing is compliant with CSE policies, citing warrant trading status, exercise history, and timing. Aurbis has also entered a marketing agreement with Darkstar Capital LLC, paying a CAD $2,500 set-up fee and CAD $3,800 per month for at least two months, with no securities issued as compensation. The company issued 813,186 shares to Orogen Royalties as part of the Ecru Gold Project sales agreement milestone. CEO and QP Johan Lambrechts is named as the responsible executive. The tone is factual, emphasizing near-term steps toward drilling and investor outreach.

What the data suggests

The repricing affects 1,000,000 warrants originally exercisable at $0.225, now reduced to $0.16, with the incentive of an additional warrant per exercised unit. The original warrants expire November 13, 2026, and the new additional warrants expire November 13, 2028, but can be accelerated if the share price sustains $0.30 for 30 trading days. No warrants have been exercised in the last six months, and the repricing occurs with at least 10 trading days before expiry, meeting CSE requirements. Proceeds from any warrant exercises are earmarked for the Ecru Gold Project’s upcoming 3,000m drill program, which is scheduled for late November 2026, but no funds have yet been raised. The company has paid a CAD $2,500 set-up fee and will pay CAD $3,800 monthly to Darkstar Capital LLC for at least two months, with no equity compensation. 813,186 shares have been issued to Orogen Royalties for a six-month milestone. Preparations for drilling approvals and contractor selection are underway, but no contracts have been finalized. The disclosure is detailed for capital market and contractual actions, but no operational or financial performance metrics are provided.

Analysis

The announcement is primarily factual, detailing the repricing of 1,000,000 warrants, the terms of additional warrants, and the specifics of a new investor outreach agreement. While there are forward-looking statements about the use of funds for an upcoming drill program and future exploration targets, these are presented as next steps rather than as promotional or exaggerated claims. The company discloses concrete actions already taken, such as the issuance of shares to Orogen Royalties and the signing of the Darkstar Capital agreement, but does not overstate the impact or certainty of future outcomes. There is no evidence of large capital outlays without immediate benefit, as the drill program is contingent on funds raised from warrant exercises. The language is measured, and the forward-looking elements (e.g., planned drilling, contractor selection) are standard for an exploration-stage company and not hyped beyond what is typical for such updates. No profitability or operational results are claimed, and the tone remains proportionate to the actual progress disclosed.

Risk flags

• ●There is execution risk around the warrant repricing, as the company is relying on holders to exercise at $0.16 to fund the Ecru drill program, but no warrants have been exercised in the past six months and there is no guarantee of participation.
• ●The planned 3,000m drill program at Ecru is contingent on both regulatory approvals and contractor finalization, neither of which are complete, introducing timing and operational uncertainty.
• ●The marketing agreement with Darkstar Capital LLC commits the company to at least two months of CAD $3,800 monthly fees plus a CAD $2,500 set-up fee, representing a fixed cash outflow without guaranteed investor engagement or capital inflow.

Bottom line

Aurbis Resources is taking steps to incentivize early warrant exercise by repricing 1,000,000 warrants to $0.16 and offering an additional warrant per exercised unit, aiming to fund imminent drilling at the Ecru Gold Project. The company has also committed to a minimum of CAD $10,100 in marketing fees to Darkstar Capital LLC over the next two months to boost investor awareness, with no equity or options granted for these services. 813,186 shares have been issued to Orogen Royalties as part of a milestone payment. The actual impact of these moves depends on warrant holders’ willingness to exercise, as no new funds have yet been raised and the drill program’s start is contingent on both funding and contractor selection. Investors should focus on whether the warrant repricing results in meaningful capital inflow and if the late November drill program commences as scheduled. The main takeaway is that Aurbis is actively seeking to bridge its funding gap for near-term exploration, but the success of this approach remains unproven until warrants are exercised and drilling begins.

Announcement summary

(CSE:AURR) Aurbis Resources Corp. announces the repricing of 1,000,000 existing $0.225 AURR warrants issued in November 2024 to a new exercise price of $0.16. The warrants were originally issued as part of a private placement on November 13, 2024, with each unit consisting of one common share and one common share purchase warrant. The warrants are currently exercisable at $0.225 until November 13, 2026. In connection with the repricing, Aurbis will issue one additional common share purchase warrant ("Additional Warrant") for each warrant exercised at the amended $0.16 exercise price. Each Additional Warrant will entitle the holder to acquire one common share at an exercise price of $0.225 until November 13, 2028, subject to an accelerated expiry provision. The accelerated expiry provision allows the company to accelerate the expiry date of the Additional Warrants to a date 30 days following a news release if the closing price of the company's common shares on the CSE is equal to or greater than $0.30 for 30 consecutive trading days. Any funds raised from the exercise of the warrants will be used as part of the upcoming Ecru drill program. The company confirms that the repricing is permitted under CSE Policies because the warrants are not listed for trading, the exercise price is higher than the current market price, no warrants have been exercised in the last 6 months, and at least 10 trading days remain before expiry. Aurbis has entered into an investor outreach and distribution agreement dated October 13, 2026, with Darkstar Capital LLC ("Darkstar"), an arm's length service provider. Under the agreement, Darkstar will provide investor outreach, marketing, and distribution support services. Compensation to Darkstar consists of a one-time set-up fee of CAD $2,500 and monthly service fees of CAD $3,800 over a two-month commitment period, followed by a month-by-month agreement. No securities will be issued as compensation under the agreement. Izzy Shakfa, Principal of Darkstar, does not currently own any securities of the company. Aurbis has also issued 813,186 AURR shares to Orogen Royalties on the six-month milestone as part of the sales agreement for the Ecru Gold Project. The next step for the Ecru Gold Project is to drill-test identified targets, with preparations for drilling approvals underway and drill contractors contacted. The chosen contractor for the proposed 3,000m drill program planned for late November 2026 will be announced once contracts are finalized. Aurbis will focus on Robertson-style intrusion-related gold targets in the short term and has identified the Northern Nevada Rift (NNR) as another exploration target. The NNR is located in the NE corner of the project and has not been previously explored. Resources will be dedicated to this target after the first phase of drilling. Johan Lambrechts is the Chief Executive Officer and Director of Aurbis Resources Corp. and is also the company's qualified person as defined by NI 43-101.

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