Nuinsco Resources Limited announced initial Mineral Resource Estimate on its Prairie Lake Critical Minerals and Phosphate Project located near Terrace Bay, Ontario, Canada. The significance of the size of the Prairie Lake MRE and the implications of this for a large, secure, domestic supply of Critical Minerals is readily apparent. Reports of expanding demand for such minerals, in a myriad of applications in transportation, power distribution, green technologies and a host of others are innumerable.

In fact demand has already begun to expand and is projected to increase rapidly in the coming years. A large, well located, source of Critical Minerals in North America is of immense added value to the security of the supply chain; an issue identified by both the Canadian and US governments both of which are attempting to address with incentives and programs to encourage development of the Critical Minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Terrace Bay and Marathon and other smaller villages, able to supply a local workforce and equipment.

Highway 17 and Highway 11. Canadian Pacific Railway and Canadian National Railway networks. Highcapacity electrical power transmission line.

Deepwater ports at Thunder Bay and Sault Ste. Marie, able to handle ocean going ships. The Government of Canada has identified 31 Critical Minerals, including the REEs and niobium identified at Prairie Lake, that are considered essential for the sustainable economic success of Canada and its allies under its Canadian Minerals and Metals Plan.

As part of its commitment under the CMMP, the Government is identifying initiatives designed to bolster Canadian Critical Minerals projects and supply chain development to help advance the competitiveness of the country's minerals and metals sector. The Prairie Lake MRE was conducted in accordance with National Instrument 43101 standards of disclosure and the CIM Definition Standards for Mineral Resources and Mineral Reserves. The Project consists of 46 mineral claims covering an area of 630 ha and is superbly located in a politically stable jurisdiction; is exceptionally well located near available rail, road, shipping, and power infrastructure; and is ideally placed in North America with respect to current supply chain concerns for critical minerals.

The mineralization of economic interest contained within the Prairie Lake complex occurs at surface and extends to unknown depths below the deepest drilling yet conducted. There is no indication that mineralization diminishes with depth and is known to occur at surface throughout the extents of the complex.