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    XND   CA9838791072

XANDER RESOURCES INC.

(XND)
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Xander Resources : Appoints New Director and Grants Options, Increases Previously Announced Financing, and Provides Exploration Update

09/16/2021 | 10:39am EST

Xander Resources Inc. (TSXV: XND) (FSE: 1XI) (OTC: XNDRF) ('Xander' or the 'Company') is pleased to announce the appointment of James Walker as a member of its board of directors, effective immediately.

James Walker has extensive experience in engineering and project management; particularly within mining engineering, mechanical engineering, construction, manufacturing, engineering design, infrastructure, safety management, and nuclear engineering. He is currently the CEO and President and Director of Ares Strategic Mining and a Director of Bayhorse Silver Inc., both TSX Venture Exchange listed issuers, and a director of Orcus Resources Ltd. His previous experience includes his time at Lithium Energy Products where he oversaw the exploration of multiple lithium projects.

James' professional experience includes designing nuclear reactors, submarines, chemical plants, factories, mine processing facilities, infrastructure, automotive machinery, and testing rigs.

Mr. Walker holds degrees in Mechanical Engineering, Mining Engineering, and Nuclear Engineering, as well as qualifications in Project Management and Accountancy, and is a Chartered Engineer with the IMechE, and registered as a Project Manager Professional with the APM.

The Company also announces that it has granted 150,000 incentive stock options to a director exercisable at $0.13 for a period of 5 years, in accordance with its stock option plan.

Deepak Varshney, P.Geo., President and CEO, commented, 'We are thrilled to welcome James to our board as an independent director. He brings a wealth of knowledge with extensive mining industry and capital markets experience. We believe his skill set complements those of our existing board members and that he will be a tremendous resource for Xander as we continue to execute on our strategy, drive growth and build long-term shareholder value for the Company.'

Non-Brokered Private Placement

The Company also announces it has increased the previously announced financing (the 'Offering') wherein the Company has increased the Offering to include up to 3,000,000 units of the Company issued on a non-flow-through basis (the 'Units') at a price of $0.10 for gross proceeds of up to $300,000 (the 'Proceeds').

Each Unit will consist of one common share (a 'Share') and one transferable share purchase warrant exercisable at $0.20 per Share for a period of two (2) years from the date of closing.

Finder's fees may be paid in accordance with applicable securities laws. The Proceeds from the Offering will be used for exploration on the Company's portfolio of properties and working capital and general corporate purposes.

Exploration Update

The Company is pleased to announce that it has mobilized its geological team to its Senneville Project located in Quebec for the execution of an outcrops sampling and mapping program as part of its strategy to pursue the lithium potential on the western part of its claims, in particular where volcanosedimentary rocks are in contact with the La Corne Batholith.

This area is of particular interest as it is in close proximity to the North American Lithium deposit which has proven and probable reserves of 17.06 Mt grading 0.94% Li2O and measured and indicated resources of 33.24 Mt grading 1.19% Li2O (http://na-lithium.com/projects) and near an area undergoing intense exploration by many other juniors including Great Thunder Gold, which recently reported 1.48% Li2O over 12.7 metres and 1.16% Li2O over 9.8 metres in drilling completed earlier this year.

The program will build on the recently completed Beep Mat survey that was carried out by Magnor Exploration Inc. Beep Mat Surveys are a geophysical method used to detect the magnetic susceptibility and relative Electromagnetic (EM) conductivity along with GPS location in order to identify potential underlying conductors.

About Xander Resources Inc.

Xander Resources Ltd. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada. Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d'Or, Quebec. Our flagship project is the Senneville Project in the Val-d'Or Mining Camp. The project comprises over 100 sq. km and is can be divided into two sections: Senneville East, which is gold-focused and contiguous and adjacent to significant gold projects including Probe Metals' new discovery to the South and Monarch Mining's project to the North, and Senneville West, which is lithium-focused and in close proximity to North American Lithium's deposit, which has proven and probable reserves of 17.06 Mt grading 0.94% Li2O, and near an area undergoing intense exploration by companies including Sayona Mining, Great Thunder Gold and First Energy that the Quebec government is developing into a world-class lithium hub.

Contact:

Deepak Varshney

Tel: (236) 607-5490

Email:info@xanderresources.ca

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ARES STRATEGIC MINING INC. 0.00% 0.41 End-of-day quote.3.77%
XANDER RESOURCES INC. -3.57% 0.135 Delayed Quote.-9.68%
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Financials
Sales 2021 - - -
Net income 2021 -1,64 M -1,29 M -1,29 M
Net cash 2021 0,63 M 0,49 M 0,49 M
P/E ratio 2021 -1,10x
Yield 2021 -
Capitalization 4,37 M 3,42 M 3,42 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float -
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Managers and Directors
Deepak Varshney President, Chief Executive Officer & Director
Zahara Kanji-Aquino Chief Financial Officer
Marsha Panar Independent Director
Dwayne Yaretz Secretary & Director
Benoit Chotard Director
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