Cosa Appoints Justin Rodko as VP Corporate Development and Issues Shares to Denison

Executive Summary

• Cosa Resources appoints Justin Rodko as Vice President, Corporate Development.
• The company issues 1,960,000 common shares to Denison Mines as partial satisfaction of deferred consideration under the November 2024 Acquisition Agreement.
• After issuance, Denison’s ownership rises to ~18.3% of Cosa’s outstanding shares; approximately C$1.49 million of deferred consideration remains payable.

Key Details

• Appointment: Justin Rodko, Professional Geoscientist, promoted to VP‑Corporate Development; recognized for contributions to the Hurricane discovery and recent strategic transactions.
• Deferred Consideration Shares: 1,960,000 common shares issued at a deemed price of $0.3891 per share.
• Remaining Obligation: Deferred consideration balance of roughly C$1,487,364 to be satisfied via future share issuances per the Acquisition Agreement.
• Statutory Hold Period: Shares subject to a four‑month‑plus‑one‑day hold period.
• Denison Ownership Post‑Issuance:
• Shares: 20,990,864 (≈18.26% of issued & outstanding Cosa shares).
• Warrants: 2,417,679 (9.81% of Cosa’s outstanding warrants).
• Early Warning Report: Denison will file an NI 62‑103 early warning report regarding the acquisition of the Deferred Consideration Shares.
• Strategic Context: The issuance fulfills part of the transformative collaboration with Denison initiated in Jan 2025, granting Cosa access to additional Athabasca Basin projects and supporting upcoming drilling campaigns at Darby and Murphy Lake North JV projects.

Notable Quotes

“Justin's appointment to VP of Corporate Development is in recognition of the enormous role he's played since 2023… We look forward to updating the market shortly on our detailed drill plans for the Darby and Murphy Lake North Joint Ventures prior to embarking on Cosa's largest and most significant drilling campaign to date.” – Keith Bodnarchuk, President & CEO

Materiality Assessment: Material – Positive (the share issuance materially reduces outstanding consideration under a major acquisition agreement and signals continued strategic partnership with Denison.)