Abasca Resources Inc. is pleased to announce the commencement of its 2024 summer exploration program which is focused on drill testing prospective conductor corridors for uranium mineralization in addition to defining the Flake Graphite potential at the Company's Loki Zone. For more details about the exploration program, please see the Company's news release dated February 20, 2024. The Company is also announcing a [...]
Abasca Resources Inc. is pleased to provide exploration updates on the 100%-owned, 23,977-hectare Key Lake South Uranium Project in Northern Saskatchewan and to announce its exploration plans for 2024. The Company continues to focus on advancing its exploration at KLS towards a uranium discovery and is planning a 5,000 metres drill program to test prospective target areas and trends. A re-sampling program to evaluate [...]
Abasca Resources Inc. announces that Manning Elliott LLP, Chartered Professional Accountants have, at the request of the Company, resigned as auditor of the Company, effective September 18, 2023. Accordingly, the Board of Directors has appointed McGovern HurleyLLP, Chartered Professional Accountants as auditor of the Company. There were no reservations in the Former Auditor's audit reports for the period commencing at the [...]
Abasca Resources Inc. is pleased to announce the closing of the $1,250,000 non-brokered private placement of 5,000,000 units of the Company at a price of $0.25 per FT Unit on Friday, July 28, 2023, as previously announced in its news release of July 13, 2023. Each FT Unit consisted of one common share of the Company issued as a flow-through share within the meaning of the Income Tax Act and one-half of one common share [...]
Saskatoon, Saskatchewan: Abasca Resources Inc. is pleased to announce a non-brokered private placement of up to 5,000,000 flow-through units of the Company at a price of $0.25 per FT Unit for gross proceeds to the Company of up to $1,250,000 . Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act and one half of one common share [...]
Abasca Resources Inc. announces that subject to regulatory approval, it has engaged Red Cloud Securities Inc. to provide market making services to the Company in compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Under the Agreement, the Company will pay Red Cloud $5,000 per month during the initial term of three months starting June 15, 2023. The term of the Agreement can be [...]
Saskatoon, Saskatchewan: Abasca Resources Inc. is pleased to announce a non-brokered private placement of up to 2,000,000 flow-through units of the Company at a price of C$0.50 per FT Unit for gross proceeds to the Company of up to C$1,000,000 . Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act and one half of one common share [...]
Abasca Resources Inc. is pleased to release geochemical assays from drillcore samples collected during its successful winter drilling program on the 100%-owned 23,977-hectare Key Lake South Uranium Project . The Company drilled a total of 11 holes comprising 4,959 metres at the Mustang target area , intersecting anomalous radioactivity in 8 holes , and assays confirm anomalous uranium intersections. Assay Highlights 9 of [...]
Abasca Resources Inc. is pleased to announce the completion of its winter drilling program on the 100%-owned, 23,977-hectare Key Lake South Uranium Project . The Company drilled a total of 11 holes comprising 4,959 metres at the Mustang target area , intersecting lengths from 0.15 metre to 4.35 metres of anomalous radioactivity in 8 holes . The drilling identified and confirmed multiple stacked graphitic fault zones at [...]
Abasca Resources is pleased to announce the start of a 5,000 m drilling program comprising 14 drillholes on its 100%-owned, 23,977-ha Key Lake South Uranium Project. The Government of Saskatchewan had granted Abasca exploration permits for this program in December 2022, and the Company has since completed construction of a temporary work camp during January 2023. Dawn Zhou, President and CEO, stated: "Abasca is very [...]
Pursuant to an asset purchase transaction between Abasca Resources and 101159623 Saskatchewan Ltd. resulting in the reverse takeover of Abasca, along with concurrent financings completed with the Transaction, Ms. Zhou of Calgary, Alberta acquired ownership, directly and indirectly, of 29,389,788 common shares in the capital of Abasca on Dec 29, 2022. Dawn Zhou acquired 500,500 Common Shares directly. She also acquired [...]
Abasca Resources is pleased to announce the closing yesterday of the previously-announced asset purchase transaction with 101159623 Saskatchewan Ltd. resulting in the reverse takeover of AMV, along with a concurrent financing and name change. Pursuant to the terms of the Transaction, the Company acquired a 100% right, title and interest in and to the mineral claims that comprise the Key Lake South Uranium Project located [...]
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