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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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Breaking & Recent News Perma-Fix Environmental Services Inc PESI

Industrials
Perma-Fix Environmental Services, Inc. is an environmental and environmental technology know-how company. The Company operates through two segments: Treatment and Services. The Treatment Segment includes nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, processing, and disposal; and research and development (R&D) activities to identify, develop and... see more

Recent & Breaking News (NDAQ:PESI)

Perma-Fix Schedules First Quarter 2018 Conference Call

GlobeNewswire May 4, 2018

Perma-Fix Adopts New Preferred Share Purchase Rights

GlobeNewswire May 1, 2018

Perma-Fix Announces Private Exchange Offer

Marketwired April 24, 2018

Perma-Fix Reports Results for the Fourth Quarter and Fiscal 2017

MarketWire Canada March 14, 2018

Perma-Fix Schedules Year End 2017 Conference Call

MarketWire Canada March 12, 2018

Gabelli & Company’s Annual Waste Conference

Business Wire March 7, 2018

Perma-Fix Partners with Veolia Nuclear Solutions to Expand Treatment Capabilities

MarketWire Canada January 29, 2018

Perma-Fix Appoints Former Congressman Zach Wamp to Board of Directors

Marketwired January 25, 2018

Perma-Fix Environmental Services Enters Agreement with Italian National Agency for New Technologies, Energy and Sustainable Economic Development to Collaborate on Nuclear Technologies Including Process to Produce Technetium-99

MarketWire Canada January 16, 2018

Perma-Fix Successfully Treats and Ships First Hanford Tank Low Level Waste for Off-Site Disposal

MarketWire Canada December 21, 2017

Perma-Fix Environmental Services, Inc. to Host Earnings Call

Accesswire November 10, 2017

Perma-Fix Reports Financial Results and Provides Business Update for the Third Quarter of 2017

MarketWire Canada November 10, 2017

Investor Network Invites You to the Perma-Fix Third Quarter 2017 Earnings Conference Call and Webcast Live on Friday, November 10, 2017

Accesswire November 9, 2017

Perma-Fix Schedules Third Quarter 2017 Earnings Conference Call

MarketWire Canada November 6, 2017

Perma-Fix to Present at the MicroCap Conference on October 5th in New York City at the Essex House

Accesswire September 27, 2017

Perma-Fix Announces Promotion of Mark Duff to CEO

Marketwired September 11, 2017

Perma-Fix Reports Financial Results for the Second Quarter of 2017 and Provides Business Update

MarketWire Canada August 9, 2017

Perma-Fix Schedules Second Quarter 2017 Earnings Conference Call

MarketWire Canada August 7, 2017

Perma-Fix Environmental Services to Present at The MicroCap Conference on June 27th in Toronto at the Sheraton Centre Hotel

Accesswire June 23, 2017

Investor Network: Perma-Fix Environmental Services, Inc. to Host Earnings Call

Accesswire May 10, 2017