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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 Imagine Lithium Inc. ARXRF


Primary Symbol: V.ILI

Metals & Mining Industrial Metals & Minerals
Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in... see more

Recent & Breaking News (TSXV:ILI)

Alix Acquires Southern Nevada Lithium Property

Filing Services Canada April 13, 2017

Alix Amends Jackpot Lithium Property Purchase Agreement

Filing Services Canada April 11, 2017

Alix Initiates Maiden Drill Program on Its Agua Fria Lithium Project, Sonora Mexico

Filing Services Canada March 27, 2017

Alix Closes Second and Final Tranche FT Financing

Filing Services Canada March 6, 2017

Alix Closes First Tranche FT Financing and Closes NFT Financing

Filing Services Canada February 8, 2017

Alix Increases Financing

Filing Services Canada February 3, 2017

Alix Financing

Filing Services Canada January 31, 2017

FinancialBuzz.com: Demand for Lithium Expected to Remain Strong

PR Newswire January 24, 2017

Metallurgical Testing Commences on Lithium Enriched Clays and Trenching Results from Agua Fria at the Electra Project, Sonora, Mexico and Announces Flow Through Financing

Filing Services Canada January 24, 2017

Alix Welcomes Cantore to Its Advisory Board

Filing Services Canada December 13, 2016

Alix Receives Additional Li Assays from the Tecolote Property, Electra Project, With 32% of Values Greater Than 1,000 ppm

Filing Services Canada December 7, 2016

Alix Announces Creation of Subsidiary Upcycle Metals For Recycling Lithium-Ion Batteries

Filing Services Canada November 29, 2016

Alix Grants Options

Filing Services Canada November 25, 2016

Alix and Lithium Australia Move Towards Drill Phase at Agua Fria Lithium Discovery, Mexico

Accesswire November 11, 2016

Alix Receives Drill Permits for Quebec Lithium West Project - Announces Financing

Newsfile November 3, 2016

Alix Provides New Data on the Agua Fria Lithium-Rich Clay Zone Within the Electra Project, Sonora, Mexico

Newsfile October 20, 2016

Alix Receives Community Approval and Environment Permits for a Phase 1 Drill Program on the Electra Project

Newsfile October 14, 2016

Alix Appoints Ecclestone as CEO and Weslosky to the Board

Filing Services Canada October 12, 2016

Alix Commences Work Program on Electra Project Adjoining Bacanoras Sonora Lithium Project Located in Sonora, Mexico

Filing Services Canada October 12, 2016

Alix Discovers New Lithium-Rich Clay Zone And Secures Agua Fria Property, Extending The Electra Project, Sonora, Mexico

Filing Services Canada October 11, 2016