Ascendant Resources Inc.

Ascendant Resources Inc. is very pleased to announce it has entered into a US$15 million metals stream agreement with Sprott Private Resource Streaming and Royalty Corp. for its Lagoa Salgada VMS project located close to Lisbon, Portugal . Proceeds will be used to i) complete the ongoing 43-101 compliant feasibility study for the Project; ii [...]

Ascendant Resources Inc. is pleased to announce full assay results of a 200-meter step-out drill hole at Venda Nova South at its Lagoa Salgada Project. The scope of this drill hole was to test the down plunge extension of the recently identified high-grade footwall Cu lens . Mark Brennan, Executive Chairman of Ascendant stated, "We are very pleased [...]

Ascendant Resources is pleased to announce that it has amended the terms of the earn-in and call option agreements with Mineral & Financial Investments AG to provide the Company an extension to June 22, 2023 to complete the Feasibility Study to earn an 80% interest in the Lagoa Salgada Project, and will only exercise call options further diluting [...]

Ascendant Resources Inc. is pleased to announce the voting results from the Company's 2022 Annual and Special Shareholders' Meeting held on June 29, 2022, in Toronto, Ontario. At the Meeting, shareholders elected new members to the board of directors, among other matters approved. Mark Brennan, Executive Chairman, commented, "We are very pleased [...]

Ascendant Resources reports assay results from an additional seven holes drilled as part of the ongoing infill drill program at its Lagoa Salgada VMS Project, Portugal. Drill hole assays released today continue to support resource conversion for the ongoing feasibility study at the Venda Nova deposit but have also (i) outlined the discovery of a [...]

Ascendant Resources is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement of common shares of the Company. The Offering consisted of the issuance by the Company of 17,560,000 common shares at a price of $0.20 per common share (the "Offering Price") for gross proceeds of [...]

Ascendant Resources is pleased to announce that it has satisfied the conditions to increase its effective ownership interest from 25% to 50% in the Lagoa Salgada VMS project in Portugal. Ascendant has spent US$9 million on the Project and has made a US$1 million payment to the optionor, Mineral & Financial Investment, as required under the original [...]

Ascendant Resources is pleased to announce the close of the first tranche (“First Tranche”) of its non-brokered private placement announced on May 13, 2022. The second and final tranche to complete the offering, is expected to close on or about May 25, 2022. Under the First Tranche, the Company has issued 14,416,893 common shares of the Company at [...]

Ascendant Resources is pleased to provide a summary of recent exploration work and geological interpretation of the Lagoa Salgada Property in Portugal, which includes: i) Identification of copper rich stockworks below the North Zone at Venda Nova; ii) Identification of a Copper rich transition/enrichment zone at the North Zone at Venda Nova; iii [...]

Ascendant Resources is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to C$3.5 million. The Company intends to issue up to 17.5 million common shares of the Company at a price of C$0.20 per Common Share. The Company expects to close the Offering on or about May 19th, 2022, and may elect to close the Offering [...]