­ Nuinsco Resources Limited announced that it is collaborating with McGill University researchers on a study of the mineral apatite at its Prairie
Lake Critical Minerals and phosphate project located near Marathon, Ontario ("Prairie Lake" or the "Project"). Apatite is a significant mineral of economic interest at the Project; the apatite at Prairie Lake has substantial phosphate content and amongst the highest known rare earth element content found on earth. The project benefits from being in a politically stable jurisdiction; is exceptionally located near to available rail, road, shipping,
and power infrastructure; and is well placed regarding current supply chain concerns for critical minerals. The Company has entered into an agreement, as of December 14, 2022, with a team of researchers from McGill University led by Professor Anthony Williams-Jones, who will conduct a detailed study of the Prairie Lake apatite. The objective of the study will be to identify the different generations of this mineral that are present in the ores and determine their composition and textural relationships with the other ore minerals. An important outcome of the research will be an improved description of the liberation characteristics of the apatite that will optimise its recovery and lead to more efficient extraction of both phosphate and rare earth elements. This research will set the stage for a successor project designed to develop a new method of flotation customised to the recovery of apatite ores. The Prairie Lake complex hosts a very large resource containing a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan contained within the very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already established. The potential suite of elements of economic interest at Prairie Lake includes elements with applications in technologies and sectors
that are forecast to expand substantially in the future.