(via TheNewswire)
The common shares to be issued will be subject to a hold period expiring four months and one day from issuance.
The investor is non-arm's length to the Company as
The use of proceeds will be allocated as:
Stock Options
The Company also announces that it has granted 1,100,000 stock options to certain directors, officers and consultants of the Company in accordance with the Company's current stock option plan. Each option is exercisable into one common share of the Company at a price of
About
Athelstan-Jackpot (A-J):2 former gold mines. Initial 2023 drill results from Athelstan gold mine area drilling indicates peripheral alteration zone to a potential deep-seated copper-gold porphyry.
CrackingstoneUranium:High grade uranium property situated in the prolific
Beaverlodge Uranium District of the Athabaska basin. The Project covers 4 kilometers of theBlack Bay Shear Zone , a northeast trending magnetic low corridor which hosts 4 past producing mines.
Come By Chance (CBC):2021 geophysics delineated potential large copper-gold porphyry
2022 drilling provided further vectors towards potential core of porphyry;
The
Lone Star Copper-Gold:optioned to Australian Marquee Resources ASX:MQR; MQR has spent$2.5M in drilling, completed new resource inDec. 2022 and a PEA inNovember 2023 earning them a 50% interest in the property.
TheKibby Basin Lithiumproject located 60 kilometers north of the lithium rich
Clayton Valley Basin : Optioned 80% of the central Kibby Playa claim block to Australian Marquee Resources MQR. MQR has spent$2.5M in drilling in 2022 for potential deep seated lithium brine. 2022 Drilling confirmed high levels of lithium-bearing sediments along with dissolved lithium in the groundwater. Mineralized intervals containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m have been identified in core samples of clay-rich playa sediments.
Belmont Projects
ON BEHALF OF THE BOARD OF DIRECTORS
“George Sookochoff”
Neither the
This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2023, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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