Ascendant Resources Inc.

Placement to fund drill program targeted to significantly expand the copper stockwork in the South Zone at Lagoa Salgada Drilling and geophysics suggests South Zone to be larger than the North Zone TORONTO, Oct. 05, 2020 -- Ascendant Resources Inc. is pleased to announce that it has completed its previously disclosed non-brokered private placement for gross proceeds of C$1.26 million . The Company issued a total of 12.6 million units of the Company at a price of C$0.10 per Unit. Each Unit consists of one common share of the Company and one-half of one Common Share purchase warrant . Each Warrant entitles the holder thereof to acquire one Common Share at a price of C$0.15 per share for a 24-month period following the closing date of the Offering. The Company intends to... [...]

Ascendant Resources Inc. is pleased to announce the start of its updated 2020 exploration program, which consists of 2,700m of drilling and downhole IP surveys which will be completed in several phases. The main objective of the proposed program is to significantly increase and upgrade tonnage at the copper-rich South Zone. This is designed to build upon the existing 2.47Mt of Measured and Indicated resource and 6.09Mt of [...]

Ascendant Resources is pleased to announce the voting results of the Company’s 2020 Annual Shareholder’s Meeting held earlier today, September 11, 2020 in Toronto, Ontario. A total of 22,195,340 common shares were voted at the Meeting, representing 27.21% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as [...]

● Results include the El Mochito Mine which was sold subsequent to quarter end and is shown as a discontinued operation Q1 2020 Highlights: Contained metal production of 28.8 million ZnEq1 lbs, up 23% vs Q1/19 ZnEq grade of 7.8%, a 16% improvement over Q1/19 Net Revenue from discontinued operations of $13.78 million, down 23% from Q1/19 and down 31% from Q4/19, due to a negative provisional price adjustment of $12.35 million Significant improvement in AISC of $1.03/lb ZnEq versus $1.30/lb ZnEq in Q1/19 Adjusted EBITDA loss of $9.30 million versus $1.45 million gain in Q1/19 Net Loss of $11.14 million and loss per share of $0.14 Sale of El Mochito mine subsequent to the end of Q1/20 announced April 17, 2020 unless otherwise specified) TORONTO, May 13, 2020 -- [wp=3303]Ascendant Resour... [...]

Ascendant Resources Inc. is pleased to announce that Mr. Rui Botica Santos is joining the Company’s Board of Directors. Mr. Santos is a lawyer based in Portugal who is widely regarded as a leading authority in the mining sector in Portugal. Mr. Santos has spent over 20 years representing/assisting domestic and international corporations in negotiations and disputes with the State regarding land acquisitions, exploration [...]

2019 Full Year Highlights Contained metal production of 106.2 million ZnEq1 lbs up 16% from 2018 Cash operating costs of $0.70/ZnEq lb sold, down 11% from 2018 Net loss of $8.21 million or loss per share of $0.11 Continued exploration success at Lagoa Salgada provided basis for February 2020 PEA Q4 2019 Highlights Contained metal production of 29.4 million ZnEq lbs up 27% from Q4 2018 Minesite AISC decreased to $1.00/ZnEq [...]

Ascendant Resources Inc. announces today that it has completed the sale of its wholly-owned Honduran subsidiary American Pacific Honduras S.A. de C.V., the 100% owner of the El Mochito zinc mine, to Kirungu Corporation . Full details on the Transaction, including information concerning certain post-closing matters, may be found in the Company’s April 17, 2020 press release. The Transaction agreement, Material Change [...]

Ascendant Resources Inc. is pleased to outline its proposed 2020 exploration program at the Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. On the back of the robust Preliminary Economic Assessment results released on January 14, 2020, the exploration program includes downhole IP and drilling aimed at expanding and upgrading the Central and South Zones and the copper-rich resource [...]

Ascendant Resources Inc. announced on Friday that it has entered into a share purchase agreement with Kirungu Corp. to sell all of the issued and outstanding shares of the Company's wholly-owned Honduran subsidiary American Pacific Honduras S.A. de C.V which owns 100% of the producing El Mochito zinc, lead and silver mine in west-central Honduras. Neil Ringdahl, who has been Ascendant’s Chief Operating Officer since March [...]

Ascendant Resources Inc. announces it has entered into a share purchase agreement with Kirungu Corporation to sell all of the issued and outstanding shares of the Company's wholly-owned Honduran subsidiary American Pacific Honduras S.A. de C.V which owns 100% of the producing El Mochito zinc, lead and silver mine in west-central Honduras. Neil Ringdahl, who has been Ascendant’s Chief Operating Officer since March 2017 and [...]