
Minning Pit


Granite Creek Copper Completes Final Tranche of Private Placement Financing
VANCOUVER, BC / ACCESSWIRE / June 2, 2023 / Vancouver, B.C., Granite Creek Copper Ltd. (TSXV:GCX) (“Granite Creek” or the “Company“) is pleased to report that it has completed the non-brokered private placement financing (“Offering“) announced May 12, 2023, for total aggregate proceeds to the Company of $1,265,175.01 as follows:
- 10,853,333 units at a price of $0.06 per unit, with each unit consisting of one common share of the Company and one-half of one transferable warrant. Each full warrant allows the holder to purchase one common share of the Company at a price of $0.12 per share for thirty-six months (“Common Share Units”);
- 8,186,334 flow-through units at a price of $0.075 per unit, with each unit consisting of one flow-through share of the Company and one-half of one transferable flow-through warrant. Each full flow-through warrant allows the holder to purchase one flow-through share of the Company at a price of $0.15 per share for twenty-four months (“Flow-Through Units”).
The private placement was offered on a non-brokered basis and closing is subject to certain customary conditions, including, but not limited to, the receipt of all necessary regulatory approvals and acceptance of the TSX Venture Exchange. All shares and warrants issued will be subject to a statutory hold period of four months and one day from the closing of the Offering.
Proceeds will be used for exploration and development of the Company’s Carmacks Copper-Gold Project in Yukon, Canada, and for general working capital purposes. All of the gross proceeds from the issuance of the Flow-Through Shares and the flow-through shares comprising part of the Flow-Through Units will be used to incur Critical Mineral Exploration Expenses (“CMEE”). Such expenses will qualify as “flow-through mining expenditures” under the Income Tax Act (Canada) and will be renounced to the purchasers of such shares, with an effective date no later than December 31, 2023, in an aggregate amount no less than the proceeds raised from the issue of the Flow-Through Shares and the flow-through shares comprising part of the Flow-Through Units.
The Offering constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“), as insiders of the Company have subscribed for 1,000,000 Common Share Units and 350,000 Flow-Through Units in the Offering for a total consideration of $86,000. The Company relied on the exemptions in Section 5.5(b) – Issuer Not Listed on Specified Markets from the formal valuation requirements of MI 61-101 and relied on the exemption in Section 5.7(1)(a) – Fair Market Value Not More Than 25 Per Cent of Market Capitalization from the minority shareholder approval requirements of MI 61-101. The Company did not file a material change report at least 21 days before the expected closing date of the Offering, as the aforementioned insider participation had not been confirmed at that time and the Company wished to close the Offering as expeditiously as possible.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.The Shares have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
Warrant Extension
The Company announces that it has applied for TSX Venture approval to extend the expiry date on certain warrants that were due to expire June 5 and June 11, 2023 (the “Warrants“). The Warrants, originally issued as part of a financing completed in June 2020 (see news release dated June 11, 2020), will, upon approval, have expiry dates of June 5 and June 11, 2024, respectively. All other terms of the warrants stay the same, with each warrant entitling the holder to acquire one common share at an exercise price of $0.075. If the common shares close at $0.15 or higher for 10 consecutive trading days, the Company may accelerate expiry of some or all of the warrants to the 30th day after notice to warrant holders.
About Granite Creek Copper
Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the exploration and development of critical minerals projects in North America. The Company’s projects consist of its flagship PEA-stage Carmacks project in the Minto copper district of Canada’s Yukon Territory, the advanced stage LS Molybdenum project and the Star copper-nickel-PGM project, both located in central British Columbia. More information about Granite Creek Copper can be viewed on the Company’s website at www.gcxcopper.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO
Telephone: 1 (604) 235-1982
Toll Free: 1 (888) 361-3494
E-mail: info@gcxcopper.com
Website: www.gcxcopper.com
Twitter: @yukoncopper
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Granite Creek Copper Ltd.

Stallion Discoveries Announces $4 Million Non-Brokered Private Placement Financing
VANCOUVER, British Columbia, June 01, 2023 (GLOBE NEWSWIRE) — Stallion Discoveries Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce that it is proceeding on non-brokered private placement for gross proceeds of up to $4,000,000, consisting of charity flow-through units of the Company (each, a “Charity FT Unit”) at a price of C$0.41 per Charity FT Unit and flow-through common shares of the Company (each, a “FT Share”) at a price of $0.33 per FT Share (the “Offering”). Red Cloud Securites Inc. is acting as a finder under the Offering.
Each Charity FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “Charity FT Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of $0.45 for a period of 24 months.
The gross proceeds from the sale of Charity FT Shares and FT Shares will be used by the Company to incur eligible “Canadian exploration expenses” that qualify as “flow-through critical mineral mining expenditures” as such terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s uranium projects in the Athabasca Basin, Saskatchewan, on or before December 31, 2024. All Qualifying Expenditures will be renounced in favour of the subscribers of the Charity FT Shares and FT Shares effective December 31, 2023.
The Offering is subject to TSX Venture Exchange approval. All securities to be distributed under the Offering will be subject to a hold period of four months and one day following the closing date of the Offering.
The Company may pay a cash commission equal to 8.0% of the gross proceeds of the Offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Stallion Discoveries
Stallion Discoveries is working to Fuel the Future with Uranium through the exploration of over 3,000 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with two gold projects in Idaho and Nevada that neighbour world class gold deposits offering exposure to upside potential from district advancement with limited capital expenditures.
For more information visit Stalliondiscoveries.com
For further information contact:
Lisa Stewart
Investor Relations
(604) 341-8177
lstewart@stalliondiscoveries.com
Drew Zimmerman
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.

US Critical Metals Corp. CEO, Darren Collins, is Featured on The Stock Day Podcast
The Stock Day Podcast welcomed US Critical Metals Corp.(USCMF)(“the Company”), a company focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy. CEO of the Company, Darren Collins, joined Stock Day host Kevin Davis.
Davis began the interview by asking about the Company’s background and current projects. “US Critical Metals holds a portfolio of discovery-focused projects covering commodities categorized by significant forecasted demand growth, a lack of supply, specifically here in the US, and applications critical to US interest,” said Collins. “Those include specifically electrification, national security, and national defense.”
“The projects that we are focused on are in great US mining exploration states, specifically Nevada, Montana, and Idaho,” continued Collins. “We’re covering commodities including lithium, rare earth elements, and cobalt.”
“What is the importance of discovering and securing assets in the United States?”, asked Davis. “The US is in a position right now where it is very dependent on foreign interests to secure what are absolutely critical elements is the production of various products,” said Collins, adding that discovery within the US is critical to protecting the country’s assets and interests.
Collins then elaborated on the global trends for commodity valuations, specifically lithium. “A majority of the forecasts estimate that there is going to be a significant supply and demand gap, resulting in a significant price appreciation,” explained Collins. “There will be large strategic interest looking at domestic sources of lithium, rare earth, and cobalt, and that is going to drive a lot of valuation in this market.”
The conversation then turned to the advantages of mining for these elements domestically, including favorable permitting processes and a lower jurisdictional risk in the United States. “The US also has a very well defined ESG protocol,” he added, noting that this process helps to evaluate the environmental impact of each proposed project. “The US differentiates itself from a lot of jurisdictions on that basis and has the potential to be at the forefront of developing these resources in a responsible way that delivers net benefits not only to American and international consumers, but also again in the ESG context.”
“What is on the horizon for US Critical Metals Corp.?”, asked Davis. “We are focused on deriving lithium from clay,” explained Collins, adding that traditional lithium discovery involves brine or hard rock operations. “The US needs a secure, stable source of lithium, and I believe this is going to come from lithium-bearing clay stone,” he said, noting the potential for a significant re-rating for the valuation of lithium clay stone assets in the near future. “Lithium-bearing clay stone has been proven to produce robust recoveries, resulting in robust economics.”
“With our lithium clay project in Nevada, we have very broadly disseminated lithium clay beds where we are sampling economic grade at surface, and we believe we have thickness up to about 250 meters of these clay beds,” continued Collins. “We are fully permitted to drill the asset and we will begin drilling and testing the clay beds this summer,” he said. “That is a major catalyst for our company.”
“That is the principal asset of the company, however we also have several other projects, including a project we are partnered with in Montana,” said Collins. “It is one of the highest grade rare earth assets in the US that we have identified,” he shared. “Ultimately, we are looking to drill that asset as well,” said Collins, before elaborating on the Company’s cobalt asset, where they also intend to drill.
To close the interview, Collins encouraged listeners and shareholders to keep up-to-date on the Company’s current and upcoming announcements as they continue to advance their critical metals and rare earth element projects in the United States.
To hear Darren Collin’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/8309695-us-critical-metals-corp-ceo-darren-collins-is-featured-on-the-stock-day-podcast
Investors Hangout is a proud sponsor of “Stock Day,” and Stock Day Media encourages listeners to visit the company’s message board at https://investorshangout.com/
About US Critical Metals Corp.
USCM is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy. Pursuant to option agreements with private Canadian and American companies, USCM’s assets consist of four agreements, each providing USCM with the right to acquire interests in five discovery focused projects in the US. These projects include the Clayton Ridge Lithium Project located in Nevada, the Sheep Creek Rare Earth Project located in Montana, the Haynes Cobalt Project located in Idaho, the Lemhi Pass Rare Earth Project located in Idaho and the Long Canyon Uranium Project located in Idaho. A significant percentage of the world’s critical metal and rare earth supply comes from nations with interests that are contrary to those of the US. USCM intends to explore and develop mineral resources with near- and long-term strategic value to the advancement of US interests.
For further information please contact:
Darren Collins
Chief Executive Officer and Director
US Critical Metals Corp.
Telephone: 1-786 633-1756
www.uscmcorp.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking information contained in this press release may include, without limitation, the expectation that the Company will acquire the Project in 2023, the expectation that the Company will commence drilling shortly; exploration plans and expected exploration results at the Project, results of operations, and the expected financial performance of the Company.
Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the COVID-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.
The forward-looking information contained in this press release represents the expectations of USCM as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While USCM may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
About The “Stock Day” Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.
SOURCE:
Stock Day Media
(602) 821-1102



Beyond Continues Expansive Sampling Campaign over Multiple Projects; Ongoing 2023 Phase 1 Exploration Program on Schedule and on Budget
HIGHLIGHTS
- The field crews are on track to complete the Phase 1 fully funded exploration program before August including prospecting, mapping, and sampling of all 64 properties in Ontario (Fig. 1).
- Since the beginning of the Phase 1 exploration program, three teams have covered a total of 15 properties including six properties in the Dryden Mavis Lake area, three properties in the McKenzie Bay area, three properties in the Mountairy and Hill Top Lake areas, and three properties in the Escape Lake area (Fig. 2).
- Exploration teams have now begin prospecting six properties in the Georgia Lake area around Rock Tech Lithium’s Georgia Lake deposit and Imagine Lithium Inc. and two properties in the Hearts area.
- A fourth team will be deployed in early June to the Case Lake area to prospect three properties around Power Metals’ Case Lake property.
- Historical drill core of three properties that intercepted pegmatites will be relogged and sampled by a senior geologist in June with results expected in July.
- The LiDAR survey on the Wisa property is anticipated to start in early June and the final report is expected to be delivered in July.
- Beyond has submitted 73 samples to a lab in Red Lake, Ontario for analysis with an additional 66 collected samples to be submitted for analysis shortly. (Fig. 3) The average turnaround time is expected to be about four weeks.
- Veteran geologist, Graeme Evans has been appointed as Technical Advisor.
Winnipeg, Manitoba–(Newsfile Corp. – May 26, 2023) – Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the “Company” or “Beyond Lithium“) is pleased to announce that its fully funded 2023 Phase 1 exploration program is progressing on schedule and on budget with prospecting and sampling surveys now completed at multiple properties, and ongoing sampling to continue in the weeks ahead over several additional properties across Ontario. Samples are being submitted to an accredited laboratory for analysis and additional sample submissions will follow as the Company’s programs continue. In addition, the Company announces that it has further strengthened its technical team by appointing veteran geologist, Graeme Evans as Technical Advisor.
Allan Frame, President and CEO of Beyond Lithium commented: “I am glad to report that our technical team, under the leadership of our VP Exploration, Lawrence Tsang, is proceeding on schedule and on budget with our fully funded 2023 exploration program. I am also pleased to announce the appointment of accomplished geologist Graeme Evans as Technical Advisor. Both Lawrence and I have had the opportunity to work closely with Graeme on other exploration projects and feel his addition to our existing technical team will increase our ability to explore our entire portfolio comprehensively and effectively with a view to identifying and prioritizing drilling targets.”
Graeme Evans graduated from the University of British Columbia Sc. Geology and has worked for more than 40 years in mineral exploration throughout North America. Graeme’s experience includes grassroots to advanced feasibility programs exploring for porphyries, sedex, VMS, skarns, and mesothermal and epithermal gold systems for a number of senior mining companies including Hudson Bay Mining, B.P. Selco, Inmet, and more recently, Teck Resources between 1991 and 2009. With Teck, Graeme worked for several years on generative programs focused on gold and nickel projects in Ontario. Since 2009, Graeme has consulted for various junior companies including Ascot Resources from 2009 to 2018. Graeme is a registered Professional Geologist (P.Geo) in British Columbia and Ontario.
Phase 1 Exploration Program Update
The Phase 1 exploration program is designed to sample, map and assess over 500 mapped pegmatites across all 64 Beyond Lithium properties totalling over 150,000 hectares. Most of the properties are accessible via highways and logging roads which allow the field crews to prospect the properties efficiently. The field crews commenced the Phase 1 exploration program in southern Ontario and, as the melting snow conditions permit, are moving progressively north, towards the Pak & Spark deposit owned by Frontier Lithium and the McKenzie Bay area near Green Technology Metals’ McCombe Deposit.
Figure 1: Locations of Beyond Lithium properties in Ontario in relation to Railway, Hydro Lines, and proximity to towns and communities
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/167609_ced8e844741abb46_004full.jpg
The 64 Beyond Lithium properties located in Ontario (Fig. 1) are exploration properties that historically have not been prospected or explored specifically for Lithium or Lithium-Cesium-Tantalum pegmatites. Beyond Lithium has reviewed the historical and regional data available of all the properties and geo-referenced most of the mapped pegmatite outcrops. The main focus of the Phase 1 exploration program is to assess and systematically sample these mapped pegmatite outcrops, identify new pegmatite showings, and locate prospective regional or terrane structures.
Beyond Lithium commenced the Phase 1 exploration program with three crews prospecting around the Dryden-Mavis Lake district. Shortly after, two teams moved up to prospect three properties in the McKenzie Bay area and the third crew moved south to prospect in the Mountairy and Hill Top areas, as well as the Escape Lake area near Thunder Bay. Over the last two weeks, the three prospecting crews have covered a total of 15 properties (Fig. 2). The three teams will now begin prospecting in the Georgia Lake area and the Hearts area, while a fourth crew will be deployed to the Case Lake area to prospect three properties in early June.
Figure 2: Beyond Lithium Phase 1 prospected properties
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/167609_ced8e844741abb46_005full.jpg
Around the Dryden-Mavis Lake area, white pegmatites measuring up to 5 metres in width have been mapped and sampled. Some pegmatites were also noted with green micas and minor garnet, showing encouraging signs that fertile granites may be nearby. Field notes from the other areas are being compiled and the first batch of 73 samples have been submitted to the lab with results expected in the coming weeks. The geochemical database will be compiled and updated as results become available. Ongoing analysis of the expanding database will assist in target delineation, and the prioritizing of properties for the Phase 2 program.
The re-examination and sampling of core from the historical pegmatite drill intercepts from three properties are expected to be completed in June of 2023 and could provide critical guidance for follow up drill targeting. Results are expected in July.
The LiDAR survey for the Wisa Lake property is anticipated to be conducted in early June of 2023 and the final report should be delivered by July. The LiDAR survey will provide a detailed digital elevation model (DEM) of the area which can be useful in identifying and prioritizing areas within the property evidencing the highly prospective combination of outcrop and structure.
Figure 3: Locations of grab samples of pegmatites in the Dryden-Mavis Lake area from the Phase 1 exploration program (assays pending)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/167609_ced8e844741abb46_006full.jpg
The Company has granted 50,000 incentive stock options (the “Options“), 1,450,000 stock appreciation rights (the “SARs“), and 535,000 restricted share units (the “RSUs“) to certain directors, officers, and consultants of the Company subject to certain vesting requirements. Each Option is exercisable into one common share of the Company (a “Common Share“) at a price of $0.33 per share upon vesting, for a period of one year from the date of grant. Upon vesting, each SAR entitles the holder to receive Common Shares in an amount equal to the difference in the fair market value of the Common Shares on the date of grant (i.e., $0.33 per share) and the market price of the Common Shares on the settlement date, for a period of one year from the date of grant. Each vested RSU entitles the holder to receive one Common Share.
All grants of Options, SARs, and RSUs are subject to the Company’s omnibus equity incentive plan (the “Equity Incentive Plan“), which was approved by shareholders at the Company’s annual general and special meeting of shareholders held on May 15, 2023 (the “Meeting“). A copy of the Equity Incentive Plan is included in the Company’s management information circular in respect of the Meeting dated April 10, 2023 available via the Company’s profile on SEDAR at www.sedar.com.
Qualified Person and Third-Party Data
The scientific and technical information in this news release has been reviewed and approved by Lawrence Tsang, P.Geo., VP Exploration of the Company. Lawrence Tsang is a “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Beyond Lithium Inc.
Beyond Lithium Inc. is the largest greenfield lithium exploration player in Ontario with 64 high potential greenfield lithium properties totalling over 150,000 hectares. The Company has adopted the project generator business model to maximize funds available for exploration projects, while minimizing shareholder dilution. Beyond Lithium is advancing certain of its projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-funded exploration, and long-term residual exposure to exploration success.
Please follow @BeyondLithium on Twitter, Facebook, LinkedIn, Instagram and YouTube.
For more information, please refer to the Company’s website at www.beyondLithium.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company’s projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company’s projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking information. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as “pro forma”, “plans”, “expects”, “will”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In stating the forward-looking information in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company’s properties, the availability of financing on suitable terms, and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the statements of forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the proposed expenditures for exploration work on its properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics such as COVID-19, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading “Risk Factors” in the Company’s prospectus dated February 23, 2022 and other filings of the Company with the Canadian securities regulatory authorities, copies of which can be found under the Company’s profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update any of the forward-looking information in this news release except as otherwise required by law.
For further information, please contact:
Alan Frame
President and CEO
Tel: 403-470-8450
Email: allan.frame@beyondLithium.ca
Jason Frame
Manager of Communications
Tel: 587-225-2599
Email: jason.frame@beyondLithium.ca
18.0 Mt at 1.07% Li2O Maiden Mineral Resource at Mavis Lake, See Critical Resources (ASX: CRR) announcement released 4 May 2023
2See Green Technology Metals (ASX: GT1) Wisa Project Qualified Person and Third-Party Data

Defense Metals Corp. Announces Closing of its $12.5 Million Private Placement, Including $6.6 Million Strategic Financing with RCF Opportunities Fund II L.P.
VANCOUVER, BC, May 25, 2023 /PRNewswire/ – Defense Metals Corp. (“Defense Metals” or the “Company“); (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that, further to its news release of April 27, 2023, it has closed its non-brokered private placement financing (the “LIFE Offering“) of 22,367,977 common shares of the Company (“Common Shares“) at a price of $0.26 per Common Share, and the Concurrent Placement (as defined below) of 25,708,946 Common Shares at the same issue price, for aggregate gross proceeds of C$12.5 million (the Life Offering, collectively with the Concurrent Placement, the “Offering“). The Concurrent Placement includes a lead order from RCF Opportunities Fund II L.P. (“RCF Opps II“), consisting of 25,552,380 Common Shares for gross proceeds of C$6.6 million. John Robins of Discovery Group and Strategic Advisor to the Company, also participated in the Offering.
Craig Taylor, CEO of Defense Metals, commented:
“We are very pleased to welcome RCF Opps II as a key shareholder. We will continue to advance the Wicheeda Light Rare Earth Elements project and we look forward to working with the many stakeholders. We believe the Wicheeda Light Rare Earth Elements project is the best rare earths project in Canada and one of the best developing REE projects globally.”
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106“), the Common Shares issued pursuant to the LIFE Offering were offered for sale to purchasers resident in Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption“), which Common Shares are not subject to a hold period pursuant to applicable Canadian securities laws. In connection with the Listed Issuer Financing Exemption, the Company filed an offering document dated April 27, 2023 on SEDAR under the Company’s profile at www.sedar.com and on the Company’s website at www.defensemetals.com.
In addition to the LIFE Offering, the Company completed a concurrent non-brokered private placement to purchasers pursuant to applicable exemptions under NI 45-106 (the “Concurrent Placement“). The Common Shares issued pursuant to the Concurrent Placement are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.
In connection with the Offering, the Company paid aggregate cash finder’s fees of $211,056 and issued 2,311,753 non-transferable common share warrants (the “Warrants“). The Warrants are exercisable at $0.32 per Common Share for a period of two years from the closing date of the Offering.
Notably, RCF Opps II subscribed as lead order in the Concurrent Placement, for approximately C$6.6 million for 25,552,380 Common Shares, representing approximately 9.99% of the issued and outstanding common shares of Defense Metals upon completion of the Offering. In consideration for RCF Opps II agreeing to subscribe as lead order in the Concurrent Placement, RCF Opps II was granted the right to participate in subsequent equity or debt financings of the Company on a pro rata basis based on RCF Opps II’s ownership stake (determined on a partially diluted basis immediately prior to the proposed financing), while RCF Opps II’s ownership in the Company is greater than or equal to 5% (determined on a partially diluted basis).
The Company intends to use the net proceeds of the Offering to advance the Company’s wholly-owned Wicheeda Rare Earth Elements Project (“Wicheeda“) including: (i) the completion of the ongoing pre-feasibility study work; (ii) regional exploration activities; and (iii) general working capital and corporate expenses.
The Common Shares of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (B.C.), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, Alberta, who is a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101.
Defense Metals 100% owned, 4,262-hectare (~10,532-acre) Wicheeda Light REE property is located approximately 80 km northeast of the city of Prince George, British Columbia; population 77,000. The Wicheeda REE Project is readily accessible by all-weather gravel roads and is near infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.
The 2021 Wicheeda REE Project Preliminary Economic Assessment technical report (“PEA”) outlined a robust after-tax net present value (NPV@8%) of $517 million and an 18% IRR1. This PEA contemplated an open pit mining operation with a 1.75:1 (waste:mill feed) strip ratio providing a 1.8 Mtpa (“million tonnes per year”) mill throughput producing an average of 25,423 tonnes REO annually over a 16 year mine life. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 millioninitial capital within 5 years.
Defense Metals Corp. is focused on the development of its 100% owned Wicheeda Project that contains Rare Earth Elements that are commonly used in the defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles.
Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States under “DFMTF” on the OTCQB, and in Germany on the Frankfurt Exchange under “35D”.
Defense Metals is a proud member of Discovery Group. For more information please visit: http://www.discoverygroup.ca/
For further information, please visit www.defensemetals.com or contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward–looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the use of proceeds of the Offering, advancing the Wicheeda REE Project, the expected completion of the pre-feasibility study on the Wicheeda REE Project, completing regional exploration on the Wicheeda REE Project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical and engineering assumptions, decrease in the price of rare earth elements, the impact of COVID-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

Tincorp Initiates 2023 Exploration Drilling Program at the Porvenir Tin Project, Bolivia
Vancouver, British Columbia–(Newsfile Corp. – May 24, 2023) – Tincorp Metals Inc. (TSXV: TIN) (OTCQX: TINFF) (“Tincorp” or the “Company“) is pleased to announce the commencement of exploration drilling at its Porvenir tin-zinc-silver-lead polymetallic project (the “Porvenir Project” or the “Project“) in Bolivia.
As previously reported (see news release dated August 31, 2022), the Company signed an agreement to acquire up to a 100% interest of the Porvenir Project. The Porvenir Project is situated in the centre of the Bolivian Tin belt, 65 km southeast of the city of Oruro, in the Oruro department, and it is only 15 km south of the Huanuni Mine, Bolivia’s largest producing tin mine. The 11.25 km2 property encompasses a historical near-surface open pit and underground workings; the deposit was exploited on a limited scale. Further to a strategic review of historical exploration programs and a recent relogging program (see news releases dated March 2, 2023, and April 3, 2023), high priority targets are defined in the central area of the Project, which highlighted a structurally-controlled mineralization zone trending NW comprising of massive sulfides and a series of mineralized sulfide veins.
The first phase of this drilling program is the mobilization of a diamond drill rig to commence a 3,000 meters program, which may be extended at a later date, pending results. The exploration drilling will include targeted drilling, aimed at expanding the mineralization discovered by historical exploration programs and to further test the extension of mineralization along strike.
All required exploration permits are in place and a local drilling contractor has begun to mobilize crews and equipment.
“It is our aim for 2023 to unlock the exploration potential of the Porvenir Project by advancing our drilling and prospecting activities,” Mr. Gordon Neal, CEO of the Company stated: “There have only been a handful of new tin deposits discovered in the past 40 years. We are excited and confident that our 3,000 m diamond drill program at Porvenir will be a success. We expect to see assays from this program by the end of June to early July.”
About Tincorp
Tincorp Metals Inc. is a mineral exploration company focusing on tin projects in Bolivia and a gold project near Whitehorse, Yukon, Canada. The Company has signed agreements to acquire up to a 100% interest in the Porvenir Project and SF Tin Project, which are 70 km southeast of Oruro, Bolivia. The Company’s 100% owned Skukum Gold Project is approximately 84 km south of Whitehorse by road. An independent mineral resource estimate update in respect of the Skukum Gold Project was completed in October 2022.
On Behalf of Tincorp Metals Inc.
signed “Gordon Neal”
Gordon Neal, CEO & Director
For further information, please contact:
Investor Relations, Tincorp Metals Inc.
Phone: +1 (604)-336-5919
Email: info@tincorp.com
www.tincorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collective, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the terms of the Agreement and the approval of the TSX Venture Exchange are forward-looking statements. Estimates of mineral reserves and mineral resources are also forward-looking information because they incorporate estimates of future developments including future mineral prices, costs and expenses and the amount of minerals that will be encountered if a property is developed. Forward-looking statements are often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made. The opinions, assumptions, factors and estimates which may prove to be incorrect, include, but are not limited to: whether the Company will acquire up to a 100% interest of the Porvenir Project; market fundamentals will result in sustained precious metals demand and prices; that there are no significant disruptions affecting operations, including labour disruptions, supply disruptions, power disruptions, security disruptions, damage to or loss of equipment, whether due to flooding, political changes, title issues, intervention by local landowners, environmental concerns, pandemics (including COVID-19) or otherwise; that the Company will be able to obtain and maintain governmental approvals, permits and licenses in connection with its current and planned operations, development and exploration activities, including at the Skukum Gold Project, SF Tin Project and Porvenir Project; that the Company will be able to meet its current and future obligations; that the Company will be able to comply with environmental, health and safety laws; and the assumptions underlying mineral resource estimates and the realization of such estimates.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others: the risk that the Company will not acquire up to a 100% interest of the Porvenir Project; social and economic impacts of COVID-19; actual exploration results; changes in project parameters as plans continue to be refined; results of future Mineral Resource estimates; future metal prices; availability of capital and financing on acceptable terms; general economic, market or business conditions; uninsured risks; regulatory changes; defects in title; availability of personnel, materials and equipment on a timely basis; accidents or equipment breakdowns; delays in receiving government approvals; unanticipated environmental impacts on operations and costs to remedy same; and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
Additional information in relation to the Company, including the Company’s most recent annual information form, can be obtained under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.tincorp.com.
CAUTIONARY NOTE TO US INVESTORS
The technical and scientific information contained herein has been prepared in accordance with NI 43-101, which differs from the standards adopted by the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, the technical and scientific information contained herein, including any estimates of mineral reserves and mineral resources, may not be comparable to similar information disclosed by U.S. companies subject to the disclosure requirements of the SEC.

Atico Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t Au
VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) — Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) (“Atico” or the “Company”) is pleased to announce that the initial exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine has returned positive initial results. In addition, the Company reports the results for five diamond drill core holes (ATD-0160 through ATD-0179), which included 24.3m of 3.70% copper and 8.40g/t gold and 31.8m of 3.40% copper and 2.01g/t gold, respectively.
“We are pleased to report that our mine vicinity drill campaign has successfully intercepted new mineralization and an extension of the main historic massive sulphide body at the El Roble deposit. This area that was mined by operators previous to Atico obtaining control of the mine on November 22, 2013,” said Fernando E. Ganoza, CEO. “These results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell. These strong assay results are open at depth and along strike and we will continue the drill program in this vicinity and into the second half of the year at which time the Company plans to update the resource estimate.”
Exploration Drilling Results Include:
Hole | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) |
ATD-0160 | 36.6 | 68.4 | 31.8 | 3.40 | 2.01 |
Including | 53.5 | 56.5 | 3.0 | 3.90 | 7.04 |
ATD-0163 | 40.0 | 69.5 | 31.0 | 2.62 | 2.43 |
Including | 60.5 | 69.5 | 9.0 | 5.71 | 4.40 |
ATD-0179 | 38.75 | 78.0 | 24.3 | 3.70 | 8.39 |
Including | 38.75 | 46.0 | 7.3 | 6.41 | 20.00 |
True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 90% and 95% of the drill intercept.
Exploration Drilling Program
The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for initial three drill holes have been received.
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.
Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation from a historical nominal capacity of 400 tonnes per day.
El Roble has Proven and Probable reserves of 1.00 million tonnes grading 3.02% copper and 1.76 g/t gold, at a cut-off grade of 1.3% copper equivalent with an effective date of September 30, 2020. Mineralization is open at depth and along strike and the Company plans to further test the limits of the deposit.
On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.
Qualified Person
Garth Graves, P. Geo.
Garth Graves, P. Geo., consultant geologist for Atico Mining Corporation and a qualified person in accordance with National Instrument 43-101 has reviewed and approved the technical information contained in this news release.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in Latin America. The Company generates significant cash flow through the operation of the El Roble mine and is developing its high-grade La Plata VMS project in Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United States, or to, or for the account or benefit of, a “U.S. person” (as defined in Regulation S of the U.S. Securities Act) unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com