
Great Atlantic Acquires Nashwaak Lake Tungsten Property, Located Three Kilometers Northwest of Sisson Project Western New Brunswick
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - GREAT ATLANTIC RESOURCES CORP. (TSXV: GR) (the "Company" or "Great Atlantic") is pleased to announce it has acquired 100% interest (through a purchase agreement) in the Nashwaak Lake Tungsten Property, located in western New Brunswick. The property is located approximately three kilometers northwest of the Sisson Project (tungsten and molybdenum project) of Northcliff Resources Ltd.
Tungsten mineralization is reported at the Nashwaak Lake Property including reported 0.443% tungsten (0.558% WO3) over 0.96 meters core length in a 2009 diamond drill hole and 2.03% tungsten (2.55% WO3) for a 2022 rock sample.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_002full.jpg
The Nashwaak Lake Property consists of one mineral claim covering an area of approximately 222 hectares. Great Atlantic's management have compiled historical exploration information for the area of the property from Reports of Work on file with the New Brunswick Department of Natural Resources and Energy Development. These reports document soil and prospecting rock / drill core samples anomalous for tungsten within the area of the Nashwaak Lake Property. Reported highlights include:
Three 2009 rock samples (from glacial float) collected by Geodex Minerals Ltd. were reported to exceed 2,000 parts per million (ppm) tungsten with up to 2,140 ppm tungsten (0.214% W or 0.27% WO3) (Martin, 2010).
Two 2009 diamond drill holes by Geodex Minerals Ltd. were reported to intersect 3,064 ppm tungsten (0.306% W or 0.38% WO3) over 1.55 meters core length and 4,430 ppm tungsten (0.443% W or 0.55% WO3) over 0.96 meters core length (Martin, 2010). These near-surface intercepts are reported to be within altered granite.
A 2016 soil sample collected by Dave Stevens was reported to return a highly anomalous value of 214 ppm tungsten (Steven, 2016).
A 2017 rock sample collected by Dave Stevens was reported to return 8,030 ppm tungsten (0.803% W or 1.01% WO3) (Stevens, 2018). The Report of Work indicates this sample to have been collected from glacial float.
Great Atlantic recently obtained sample data for rock samples collected by the late Dave Stevens during 2022. A rock sample reported to have been collected from the area of the Nashwaak Lake Property returned 20,300 ppm tungsten (2.03% W or 2.55% WO3). Great Atlantic's management are assuming this sample was collected from glacial float.
The Sisson Project of Northcliff Resources Ltd. is located approximately three kilometers southeast of the Nashwaak Lake Property. The Sisson Project hosts the Sisson Tungsten - Molybdenum Deposit. Northcliff reported mineral reserves at the Sisson Deposit of 334.4 million tonnes of proven and probable reserves at 0.066% WO3 and 0.021% Mo and an NSR of $24.15 / tonne (January 2013 at $8.83 / tonne NSR cut-off). Readers are warned that mineralization at the Sison Project is not necessarily indicative of mineralization at the Nashwaak Lake Property.
Readers are warned that Great Atlantic has not verified tungsten soil anomalies or tungsten bearing rock samples at the Nashwaak Lake Property as stated in this report.
David Martin, P.Geo., (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
On Behalf of the board of directors
"Christopher R. Anderson"
Mr. Christopher R. Anderson
President CEO Director
604-488-3900
Investor Relations:
1-416-628-1560
IR@GreatAtlanticResources.com
Never miss an update!
Follow Great Atlantic Resources Corp. on social media for project updates, photos, and much more.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_003full.jpg
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Gold, Copper, Zinc, Nickel, Cobalt, Antimony and Tungsten.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3027/241376_542092ad54ee8b2c_004full.jpg
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, 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 or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
Neither 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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
39 minutes ago
- Cision Canada
Montfort Capital Announces First Quarter 2025 Financial Results and CFO Transition
TORONTO, June 11, 2025 /CNW/ - Montfort Capital Corp. ("Montfort" or the "Company") (TSXV: MONT), today announced financial results for the three months ended March 31, 2025. All figures are reported in Canadian dollars unless otherwise noted. Financial Highlights For the three months ended March 31, 2025, the Company delivered the following results: Loans receivable - net of allowance as at March 31, 2025 was flat compared to the balance at December 31, 2024, as loan growth in the Langhaus and Nuvo businesses was offset by a decline in the Pivot loan book. Total revenue decreased by $0.3 million or 31% compared to Q1 2024, primarily reflecting lower transaction fee income generated by the Pivot business. Total expenses decreased by $0.6 million or 25% compared to Q1 2024, as management's effort to improve operating efficiency has resulted in reduced staffing and other overhead costs. The net loss from continuing operations for the quarter was $1.1 million compared to a net loss of $1.5 million in Q1 2024, mainly reflecting the savings in operating expenses. The net loss from discontinued operations increased $3.1 million or 442% to $3.8 million compared to Q1 2024, driven by expected credit loss provisions in the Brightpath mortgage business that was sold subsequent to period end. "Our efforts to streamline operating expenses were evident this quarter as we saw a 25% reduction on a year over year basis" said Ken Thomson, CEO of Montfort. "As our core business units continue to grow and we make ongoing refinements to our cost structure, we are positioning our platform for sustainable future growth." CFO Transition Montfort also announced the upcoming departure of Mr. Josh Reusing, Chief Financial Officer for the Company. Mr. Reusing will be replaced by Mr. Sam Hall, effective June 20, 2025. "We'd like to thank Josh for his efforts in the CFO role during a challenging transition period for the Company and wish him well in his future endeavours" said Ken Thomson, CEO of Montfort. "We are also pleased to welcome Sam to the CFO position. Already a trusted senior leader at Montfort, Sam will now play an increased role in guiding the overall growth of the Company." This news release is qualified in its entirety by the Company's financial statements for the three months ended March 31, 2025 and the associated Management's Discussion & Analysis, which can be downloaded from the Company's profile on SEDAR+ at About Montfort Capital Corp. Montfort builds and manages private credit portfolios that have focused investing strategies for the institutional and accredited investors markets. For further information, please visit The Company originates, underwrites and manages secured loans through the following operating divisions: Continuing Operations Langhaus provides insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs in Canada. Langhaus' loans are collateralized by the assignment of the borrower's whole life insurance policy, personal and/or corporate guarantees and, in some cases, other tangible collateral. Nuvo partners with Canadian alternative asset managers and ultra high-net-worth individuals to provide revolving net asset value based loans (ie. 'NAV loans'). Pivot specializes in asset-based lending targeting SME borrowers in Canada. Sources of revenue include net interest income from loans receivable, origination fees and amendment fees. In addition, Pivot earns loan servicing fees and performance fee income for loan management services performed. Discontinued Operations The Brightpath business was sold subsequent to year end on April 2, 2025. Brightpath is a registered mortgage brokerage and mortgage administrator, administering a portfolio of first and second mortgages secured by residential properties.. As at December 31, 2024, the assets and liabilities of Brightpath are classified as held for sale and the operating results are included under discontinued operations. The TIMIA business unit was sold on November 1, 2024 and its operating results are included in discontinued operations. TIMIA originated, underwrote and serviced private-market loans in the technology space. TIMIA offered revenue-based investment to fast growing, business-to-business recurring revenue software businesses in North America. 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. Forward-Looking Information Certain statements contained in this press release constitute "forward-looking information" and "forward-looking statements", collectively "forward looking statements". All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "designed", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These forward-looking statements include, but are not limited to: projected timing of profitability of the Company; growth of the Company's existing businesses; and the Company's ability to continue to operate as a going concern. This forward-looking information is based on a number of material factors and assumptions including, but not limited to: stable interest rates and financing costs remaining consistent with current market conditions; no material adverse changes in general economic conditions in key markets; competitive positioning remaining stable in the Company's target markets; Montfort retaining key personnel responsible for client acquisition and relationship management; stability in the competitive landscape of the Company's businesses with no disruptive new market entrants; credit spreads in private lending markets remaining consistent with current market conditions; no significant changes in asset valuations that would impact collateral values; continued demand for private credit; maintenance of current underwriting standards and loan approval processes; no material changes in loan origination channels or referral networks; continued effectiveness of the Company's credit risk assessment methodologies; ability to maintain current loan servicing capabilities and operational efficiencies; ability to maintain relationships with key capital providers, co-lenders and financial partners; and availability of external financing at reasonable rates These assumptions should be considered carefully by readers. The forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: lower than expected revenue growth in the Company's core business segments; potential for increased competition that could compress profit margins; possibility of higher operating costs than forecasted; risk of economic downturn affecting demand for the Company's services; unforeseen regulatory changes impacting the Company's business model and/or cost structure; delays in realizing anticipated cost synergies or operational efficiencies; risk of market saturation limiting organic growth opportunities; failure to successfully execute planned expansion initiatives; possibility of increased competition in target markets; inability to attract or retain key talent needed for growth; technological changes that could disrupt existing business models; customer acquisition costs increasing beyond projected levels; and the Company being unable to continue as a going concern due to its inability to procure additional liquidity and / or financing on reasonable terms. We do not undertake to update any forward-looking information, except as, and to the extent required by, applicable securities laws. Based on current available information, the Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that those expectations will prove to be correct. The forward-looking statements in this press release are expressly qualified by this statement, and readers are advised not to place undue reliance on the forward-looking statements.


Cision Canada
3 hours ago
- Cision Canada
Imaflex Announces Results of Annual General Meeting of Shareholders Français
MONTREAL, June 11, 2025 /CNW/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX), announces the results of its Virtual Annual General Meeting (the "Meeting"), held on June 11, 2025. At the Meeting, incumbent directors Joe Abbandonato, Tony Abbandonato, Michel Baril, Consolato Gattuso, Philip Nolan, Mario Settino and Lorne Steinberg were re-elected as directors of Imaflex, while Stephan Yazedjian was elected as a new director. All other items put forth at the Meeting were also approved, including the re-appointment of the Corporation's auditors. About Imaflex Inc. Founded in 1994, Imaflex is focused on the development and manufacturing of innovative solutions for the flexible packaging and agriculture industries. The Corporation's products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. Headquartered in Montreal, Quebec, Imaflex has manufacturing facilities in Canada and the United States. The Corporation's common stock is listed on the TSX Venture Exchange under the ticker symbol IFX. Additional information is available at


Cision Canada
4 hours ago
- Cision Canada
Euromax Director Resignation
VANCOUVER, BC, June 11, 2025 /CNW/ - Euromax Resources Ltd. (TSXV: EOX): (" Euromax" or the " Company") announces that Ali Vezvaei has resigned from the Company's board of directors and as President of the Company, effective June 12, 2025, following the disposal by NDX B.V. of its entire investment in the shares of the Company. The Company thanks him for his contributions and service. 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. About Euromax Resources Ltd. Euromax has a major development project in North Macedonia and is focused on building and operating the Ilovica-Shtuka copper project. Forward-Looking Information and Cautionary Language This news release contains statements that are forward-looking, such as those relating to the final approval of the Toronto Stock Exchange. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the dates the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking statements. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including its annual information form for the year ended December 31, 2024 and financial statements and related MD&A for the financial years ended December 31, 2024 and 2023, , and the unaudited condensed consolidated interim financial statements for the three months ended March 30, 2025 and 2024 along with the accompanying MD&A, filed with the securities regulatory authorities in certain provinces of Canada and available on SEDAR+. The forward-looking statements contained in this document are as of the date of this document, and are subject to change after this date. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Euromax disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by applicable law. This news release shall not constitute an offer to sell or a solicitation of any offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act"), and such securities may not be offered or sold within the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements thereunder.