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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)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum E3 Lithium Ltd. V.ETL

Alternate Symbol(s):  EEMMF

Metals & Mining Industrial Metals & Minerals
E3 Lithium Ltd. is a Canada-based development company. The Company is focused on commercial development of lithium extraction from brines contained in its mineral properties in Alberta. Its Direct Lithium Extraction (DLE) on-exchange technology uses a sorbent designed to be selective towards lithium ions. Its technology reduces volumes of low-grade brine into a high-grade lithium concentrate... see more

Bullboard (TSXV:ETL)

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Comment by MrPeterson Jun 10, 2024 9:56am

RE:RE:RE:What a signal it would send IF ….

I dunno Wokelemon but there is nothing wrong with no insider buying and as previously stated, it is a small company with right now limited resources and if they Kant afford big bucks for the Talent ...more  
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Discussion
Comment by TheWokeLemmingon Jun 10, 2024 8:42am

RE:RE:What a signal it would send IF ….

Like they've been "standing pat" for the last 8 months? There's always an excuse as to why insiders aren't stepping up.   When the AGM options info gets released, I' ...more  
28
Discussion
Post by SixMileLake777on Jun 07, 2024 6:09pm

Good read

https://driving.ca/column/motor-mouth/battery-wars-china-dominate-ev-electric-vehicle-tariff?utm_source=aroundthenetwork&_gl=1*1hwmlqn*_ga*NTE1NjA5ODU0LjE3MTc3MTU4OTA.*_ga_72QH41ZTMR ...more  
89
Comment by MrPeterson Jun 07, 2024 5:04pm

RE:RE:RE:What a signal it would send IF ….

I think the next 6 months will be the proof of the pudding. all this yet too take place by end 2024. Publish PFS results • Feasibility Study (FS) • Commercial development • Environmental surveys ...more  
84
Discussion
Comment by MrInveston Jun 07, 2024 2:03pm

RE:RE:What a signal it would send IF ….

That's a fair comment. It's still a small group of employees and management. That being said, I am getting kind of sick of this position in my portfolio. It's got 6 months to do something, ...more  
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Discussion
Comment by Arvid77on Jun 07, 2024 1:06pm

RE:What a signal it would send IF ….

With the PFS imminent, I would expect insiders to just stay pat. Using unpublished, non-publically available info to trade stocks is the very definition of illegal insider trading.
37
Discussion
Post by TheWokeLemmingon Jun 07, 2024 11:09am

What a signal it would send IF ….

.... insiders actually bought some shares this month.   Too busy awaiting cheap options at shareholder expense?
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Discussion
Comment by TimeTooSoaron Jun 07, 2024 10:30am

RE:nice level to add more

Going to be nicer when it retest the $1.48
22
Discussion
Post by DDGuy3040on Jun 06, 2024 2:44pm

nice level to add more

I see the change in management as positive and it's nice to add more 
67
Discussion
Post by PuerSimiaon Jun 06, 2024 11:52am

Alberta - Lithium Storage Back on the Table

https://www.cbc.ca/news/canada/calgary/alberta-energy-storage-canrea-conference-1.7225581 It looks like adding Sonya Savage, former Minister of Energy and Minerals of Alberta on the Board of ...more  
115
Post by Jonathon Brownon Jun 06, 2024 8:20am

Buzz on the Bullboards: 3 stocks breaking the silence of a quiet June

During this quieter month of June ahead of summer, some public Canadian companies have been engaging in serious business. read article.
Post by TheWokeLemmingon Jun 06, 2024 8:02am

Auctions of lithium achieve higher prices

10-20% higher than market prices.  Trend to continue.   https://carboncredits.com/lithium-miners-revolutionize-pricing-with-auctions-spot-price/
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Post by TheWokeLemmingon Jun 06, 2024 7:55am

FORD strong EV sales for May

https://insideevs.com/news/722061/ford-us-ev-sales-may2024/
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Post by TheWokeLemmingon Jun 06, 2024 7:51am

KIA record EV sales in May

https://www.torquenews.com/16317/kias-us-ev-sales-may-2024-are-best-ever-and-ev9-was-outsold-niro-ev-and-ev6/amp
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Post by TheWokeLemmingon Jun 06, 2024 7:49am

GM record EV sales in May

https://insideevs.com/news/722280/gm-ev-sales-record-may/amp/
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