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News Focus
C.GRCM | 5 hours ago VANCOUVER, BC, June 7, 2024 – Geologica Resource Corp. (CSE:GRCM, FSE:862 ) (“Geologica” or the “Company”) is pleased to announce the closing of its previously announced financing and property acquisition. The Company intends to issue 4,301,450 Units at $0.035 per unit for total proceeds of $150,550 (the “Units”) each Unit consists of a share and a whole warrant. Each warrant may be exercised for 1 (one) share for 2 (two) years from closing for $0.05. A warrant holder must exercise the Warrant, within 30 days of the shares of the Company trading at a 20 day VWAP of $0.20 or greater once the 4 month statutory hold has expired. The Company paid finders fees of $10,928 and issued 312,229 finders warrants. The warrants have the same terms as above. The proceeds of the financing will be used for exploration work and general administration. In a sperate transaction the Company issued 2,000,000 shares to complete the acquisition of the Topley West Property as announced March 28, 2024. The Company has also issued 100,000 shares at a deemed price of $0.045 to settle outstanding debt with an unrelated party. The securities issued under the financing will be subject to restrictions on resale for 4 (Four) months and a day, pursuant to applicable Canadian securities laws and the rules of the Canadian Securities Exchange. TOPLEY LANDING PROJECT TOPLEY LANDING PROJECT The claims to be explored at Topley Landing are overlapped by Lake Babine Nation (LBN) traditional territory; In consultation with the Lake Babine Nation, Geologica has been granted access to Topley for completion of an IP survey; Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas; The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on-trend past-producing Granisle and Bell copper mines; American Eagle Gold Corp. has discovered a copper deposit on trend with Topley; The property is located in central BC, is road accessible and cost effective to explore year round BC Hydro power lines transect the property and several water sources are available on the property; Rail Access to tide water is only 40km away; Porphyries contain the largest reserves of Copper and close to 50% of gold reserves in BC; Topley Property consists of 11 mineral claims totaling 4,216 Ha with six known prospects and showings. About Geologica Resource Corp. Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia. Further information on Geologica Resource Corp. can be found on the Company’s website https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca Doug Unwin President & CEO (604) 762-5355 doug.unwin@geologicaresource.com Forward-Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “ensuring”, “believe”, “anticipate”, “will”, “would” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws. Tags: INDUSTRIAL METALS & MINERALS 0 Related News @ the Bell: Resource stocks lift TSX 21 hours ago @ the Bell: How did markets react to the BoC rate cut? 1 day ago @ the Bell: TSX hits one-month low 2 days ago Recent U.S. Press Releases Geologica Closes Financing And Property Acquisition 5 hours ago INDUSTRIAL METALS & MINERALS ADDITION OF NEW COPPER CLAIMS AT TOPLEY PROJECT April 18, 2024 INDUSTRIAL METALS & MINERALS Xcyte Digital Corp. Purchases Assets of A+ Conferencing April 3, 2024 TECHNOLOGY More Press Releases » Featured News Links Flow Test and Laboratory Analysis Confirm a Major New HELIUM Discovery in Minnesota This Small-Cap Gold Stock Keeps Notching Up High-Grade Gold in Nevada Thematic Insights: Free Podcast Exploring Market Trends & Emerging Sectors Get the latest news and updates from Stockhouse on social media facebook twitter linkedin Follow STOCKHOUSE Today (click to learn more)
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Bullboard - Stock Discussion Forum Tantalex Lithium Resources Corporation C.TTX

Alternate Symbol(s):  TTLXF

Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo. Its project... see more

CSE:TTX - Post Discussion

Tantalex Lithium Resources Corporation > Predatory Chinese Mining Companies
View:
Comment by ErinBrockovich on May 13, 2022 9:51am
And some more. There are many examples of bad Chinese firms In the DRC. In this regard I think selecting a Chinese firm as a partner is a bad choice. If AVZ and or TTX get caught up with one of these firms it is likely to end badly. Far better for you as an investor to  sell to a Chinese firm then to partner with it. Though, both choices are not ethical in my opinion. If the Chinese ...more  
Comment by Bmobmobmo on May 13, 2022 9:12pm
i am surprised with all you digging around you never came across these kinds of articles (further below) that state theres a massive clean up of corruption happening in the DRC with the new president Felix Tshisekedi. I stand corrected the first link provides as much with this being said... "Recently, the #DRC governor ordered six Chinese and Sino-foreign joint venture mining companies ...more  
Comment by ErinBrockovich on May 14, 2022 9:54am
I am well aware that some politicians in the DRC are trying to reduce corruption in the mining industry. It's a necessary step towards improving the lives of the Congolese. Though, many of those same politicians name China as a particularly bad player. Murder, bribes, theft, the Chinese in DRC have done it all.  Am I critical of these Chinese connections in the context of AVZ and ...more  
Comment by gimmycash2 on May 14, 2022 4:21pm
enough with your nonsense,the only lame ducks here are you, kozmo and a couple of others,just so you grasp what pump and dumps are they are in and outs ,buy when nobody is buying ,create a hype run the sp and get out,people staying put for over a year and adding to their investment are shareholders not pump and dumpers ,now pizz off
Comment by Bmobmobmo on May 14, 2022 9:46pm
Just because there might be a few what you accuse of being "pump and dumpers" it doesn't make it right to trash the stock / company. You need to direct you attention and call them out or not let them get in your head. It's just not cool to rip on the company with false facts to try and get under the skin of a couple of P&D. It's good you are "well aware that SOME ...more  
Comment by ErinBrockovich on May 15, 2022 7:47pm
I am not shorting TTX. I have connections to security consultants and relief agencies in Africa. I've read widely on the subject of instability in the eastern region of the DRC and Rawanda. I've also studied and traveled to multiple and countries which have been adversely impacted. My interest in the region isnt purely academic, its both personal and passionate. I see you as being a more ...more  
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