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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. 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Bullboard - Stock Discussion Forum New Age Metals Inc NMTLF


Primary Symbol: V.NAM

New Age Metals Inc. is a Canada-based junior mineral exploration and development company. The Company is focused on the discovery, exploration and development of green metal projects in North America. It has two divisions: Platinum Group Element division and Lithium/Rare Element division. Platinum Group Element division includes the 100% owned, multi-million-ounce, district-scale River Valley... see more

TSXV:NAM - Post Discussion

New Age Metals Inc > NAM IS IN LALA LAND OR SOMETHING IS FUNDAMENTALLY WRONG!
View:
Post by dmocnik@gmail.com on Feb 02, 2021 1:44pm

NAM IS IN LALA LAND OR SOMETHING IS FUNDAMENTALLY WRONG!

IMHO there is not really any reason that NAM could not find a strong partner EXCEPT they are TOO GREEDY to give somebody a fair deal!  The partner with the money is the stronger one because even if you got billions of dollars sitting in the ground  it does not give you a cent!
BUT THERE EXISTS A PATTERN IF YOU LOOK INTO THE PAST WHICH IS A VERY STRANGE ONE! EVERY YEAR the stock comes up and AT LEAST DOUBLES  in the beginning of the year the only reason being a CERTAIN PROMOTION TAKES PLACE!  Afterwards the stock "fades away" over time and nearly is worthless towards the end of a year! THIS pattern exist over the last 15 years since l deal with this company! With one word the stock doubles  every year! So I doubled my money in the last few years by buying for 4 to 5 cents towards the end of the year and selling it right now! Buy 100,000 shares for 4 cents in December and sell in January/ February for 11cents you made  $ 6000 in a short period of time! In case you to this with millions of shares you do pretty well every year! YOU JUST SIT BACK AND DO VIRTUALLY NOTHING! YOU JUST PROMOTE A LITTLE BIT!  EVERY YEAR IS A NEW YEAR OR BETTER SAID A NEW AGE! 

I wonder how many shares these old guys sitting on the Board of New Age Minerals hold in the company! After about every few years the change the name of the company and accumulate some other property like the Lithium! Just to show some progress but NOTHING ever happens! I wonder how old these Opas are now? Some of them most likely be near 100 now! Collect a few hundred thousand dollars a year doing nothing except keep their grandchildren happy! VERY SMART FOR THEIR OLD AGE!

Comment by dmocnik@gmail.com on Feb 02, 2021 1:50pm
.......AND THEY KEEP ME HAPPY TOO!
Comment by bargnhillbilly on Feb 02, 2021 2:03pm
I'm not going to disagree with your statement but simply ask. Do you think with Eric Sprott buying millions of shares and being able to influence the board. That it makes our chances a lot better to get a partner? It obviously adds legitimacy to NAM as being a real company and NAM does have the goods. I don't know how much importance it adds but I think it's important going forward. I ...more  
Comment by dmocnik@gmail.com on Feb 02, 2021 2:22pm
I did not know that Sprott got involved! Can you proof it?  Maybe he shakes these people up! A reverse split might be necessary before it is possible to get some capital and therefore very likely! You do not know which deal Sprott worked out for himself!…Good Luck! Do not loose too much money!
Comment by bargnhillbilly on Feb 02, 2021 2:31pm
True...It looks like Biden is going to be KING of the Green energy movement. I'm looking to move into some larger less volatile GREEN stocks..
Comment by dmocnik@gmail.com on Feb 02, 2021 2:42pm
Lithium brines are a better option to invest!
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