The amended private placements consist of two offerings: a non-brokered non-flow-through private placement ('NFT Units') and a non-brokered
The Company has amended the NFT Units up to 4.0 million NFT Units to a price of
The funds raised from the NFT Units will be primarily allocated towards exploration activities on the Company's lithium properties in
In parallel, the Company announces a private placement of FT Units specifically designed for critical minerals. The FT Units will consist of up to 4.0 million FT Units at a price of
The gross proceeds from the FT Units will be utilized for incurring 'Canadian exploration expenses' and 'flow-through critical mineral mining expenditures' as defined in the Income Tax Act (
All Shares, Warrants, and NFT Warrants, as well as the Shares underlying the Warrants and NFT Warrants, will be subject to a statutory hold period of four months and one day from the date of issuance.
We are pleased to announce these amended private placements, which provide the necessary funding to advance our exploration efforts on our lithium properties in
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Maun Lithium Property
The Maun Lithium property consists of 51 mining claims totaling 1,454 hectares. The property straddles the terrane boundary between the
Terrier Lithium Property
The Terrier Lithium property consists of 19 mining claims totaling 2,636 hectares. The property lies 8 km north of the English River-East Wabigoon terrane boundary. The property is located along the edge of a muscovite-bearing granitic pluton, a peraluminous S-type fertile parental granite (Breaks et al., 20031) and in contact with metasediments. Metasediments make excellent exo-contact hosts for rare-element pegmatites fractionating from a fertile granitic parent (Breaks et al., 20031). An east-trending structural feature mapped by the OGS transects the property providing possible pathways for parental granitic melts. Reconnaissance mapping by the
Superb Lake Lithium Property
The property consists of approximately 2,378 hectares land in the O'
Val-d'Or East Lithium Property
The property is located approximately 65km southeast from The NAL Lithium Processing Plant (A
The property is contiguous to
References
About
Contact:
Tel: 604-808-3156
Email: info@rockedgeresources.com
Forward Looking Statements
This news release contains 'forward-looking statements' and 'forward looking information' (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'expects', 'expected', 'budgeted', 'forecasts', 'anticipates' 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'aims', 'potential', 'goal', 'objective', 'prospective', and similar expressions, or that events or conditions 'will', 'would', 'may', 'can', 'could' or 'should' occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the receipt of all necessary regulatory and third party approvals for the proposed operations of the Company's business and exploration activities, risks related to the Company's exploration properties; risks related to international operations; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of commodities including lithium and gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in reserves; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in jurisdictions in which the Company operates. . Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
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