Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Cash and cash equivalents decreased from approximately $8 million to $4 million.
  • The Rodeo Property concluded operations, and mining restarted at Velardeña Properties in late December 2023.
  • Failure to generate revenue from mining properties may lead to dependency on external financing.
  • Failure to meet NYSE American listing requirements may lead to delisting, impacting share price.
  • Mining operations shutdown in February 2024 due to failure to achieve expected results.
  • A 1-for-25 reverse stock split was implemented to address NYSE American concerns.
  • Exploration and development activities may be adversely affected by changes in laws and regulations.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1011509&owner=exclude

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