Cerrado Gold and Ascendant Resources are pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which Cerrado has acquired all of the issued and outstanding common shares of Ascendant that it did not already own. The Arrangement was carried out pursuant to the [...]
Ascendant Resources is pleased to announce that it has received a final order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement with Cerrado Gold. Closing of the Arrangement remains subject to customary closing conditions. Assuming the satisfaction or waiver of these remaining closing conditions, it [...]
Ascendant Resources is pleased to announce closing of the second and final tranche of the previously announced private placement with an affiliate of Sprott Streaming, pursuant to which Sprott acquired more than 20% of the issued and outstanding common shares of Ascendant. Pursuant to the Second Tranche the Canadian dollar equivalent of [...]
Ascendant Resources is pleased to announce that shareholders of the Company overwhelmingly approved the Arrangement Resolution and the Sprott Resolution at the special meeting of Shareholders held earlier at the Company's office. The Meeting was called for Shareholders to consider and, if deemed advisable, approve the previously announced plan of [...]
Further to its press release on Feb 3, 2025, Ascendant Resources announces that it has mailed and filed on SEDAR+ its notice of meeting and management information circular in respect of the upcoming special meeting of shareholders of the Company. The Meeting will be held at the offices of the Company, 200 Bay Street, Toronto on May 6, 2025 at 10:00 [...]
Ascendant Resources is pleased to announce closing of the first tranche is pleased to announce closing of the first tranche of the private placement previously announced on Feb 3, 2025 in connection with the arrangement agreement it entered into with Cerrado Gold, whereby Cerrado has agreed to acquire all of the issued and outstanding common shares [...]
All share consideration implies value of C$0.06 per Ascendant Share,representing a premium of 14% based on the respective 30-day VWAPs of Cerrado and Ascendant as at January 30, 2025. Acquisition provides certitude of funding for the continued advancement of the Lagoa Salgada Project and immediate exposure to a strong cash position of US$21M and [...]
Ascendant Resources is pleased to announce it continues to develop its flagship Lagoa Salgada VMS Project. Recent success in exploration, metallurgy, permitting and feasibility optimization have reinforced Lagoa Salgada's potential to become a significant global polymetallic project. Continued development is planned in the areas of exploration at [...]
Ascendant Resources is pleased to highlight significant advancements that have been achieved in 2024 at its flagship Lagoa Salgada VMS Project. Recent progress in exploration, metallurgy, permitting and feasibility optimization have reinforced Lagoa Salgada's potential to become a significant global polymetallic project poised for rapid development [...]
Ascendant Resources is pleased to announce that it has initiated a targeted exploration program at its Lagoa Salgada VMS Project. Targeted Exploration Drill Program The drill program has been initiated to test promising Massive and Semi-Massive Sulphide targets based on a combination of IP, EM, and detailed gravity signatures conducted over and [...]
Ascendant Resources is pleased to announce the successful completion of Phase I of its metallurgical test work optimization program for the Primary Massive Sulphide and Stockworks domain at the Lagoa Salgada Volcanogenic Massive Sulphide project. The results of the Phase I program have shown substantial improvements in both metal recoveries and [...]
Lagoa Salgada selected to participate in the European Union's UNDERCOVER Project to unlock hidden critical mineral deposits at depth using cutting edge Geophysical techniques UNDERCOVER Project will employ Seismic Reflection and Refraction, Magnetotellurics , Gravity and Magnetic Surveys, Electromagnetic Surveys, and Joint Inversion Techniques to [...]
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