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Associated Press
30-05-2025
- Business
- Associated Press
Abasca Resources Files NI 43-101 Technical Report on its Loki Flake Graphite Deposit Confirming Initial Resource Estimate
SASKATOON, SK / ACCESS Newswire / May 30, 2025 / Abasca Resources Inc. ('Abasca' or the 'Company') (TSXV:ABA) is pleased to announce it has filed an independent technical report (the 'Report') on SEDAR+. The Report, prepared in accordance with National Instrument 43-101 (NI 43-101), supports the initial mineral resource estimate (the 'MRE') for the Loki Flake Graphite Deposit (the 'Loki Deposit') at its 100%-owned Key Lake South Project (the 'Project') in northern Saskatchewan, Canada (Figure 1). The graphite MRE (Figure 2) validates the Company's belief in the Loki Deposit's significant development potential. Mineral Resource Highlights The MRE, with an effective date of April 10, 2025, was prepared following the CIM Definition Standards for Mineral Resources and Reserves (May 2014). It primarily incorporates results from the 2024 summer drill program, which included 20 holes totaling 5,499 m, as well as re-sampled holes from 2016 drill cores (Figure 3, Table1). The 2024 drilling aimed to establish a mineral resource and lay the groundwork for further expansion in future exploration campaigns, including the Company's recent 2025 winter drill program. The Loki Deposit remains open at depth and along strike. Growing electric vehicle sales and activity in the energy storage sectors have significantly increased demand for graphite, in addition to its ongoing traditional industrial applications. Graphite is designated as a critical mineral that is vital for economic stability in both Canada and the United States of America. It is also one of six essential minerals in the Canadian supply chain. Dawn Zhou, President and CEO of Abasca, commented 'We are strongly encouraged by the exploration results at the Loki Deposit. The Company looks forward to continuing to demonstrate its potential for shareholder value and to contribute to Saskatchewan's Critical Minerals Strategy.' 'We are pleased with the exploration progress and excited to keep advancing the Project. The Key Lake South Project has a lot of potential to still unlock with many open prospective corridors waiting to be tested.' said Brian McEwan, Vice-President of Exploration. Table 1: Pit-constrained inferred mineral resource estimate of the Loki Flake Graphite Deposit. Collected samples were sent to SRC Geoanalytical Laboratories in Saskatoon, Saskatchewan, an independent laboratory accredited under ISO/IEC 17025:2017, for preparation and ICP-MS multi-element analysis, boron by fusion as well as total graphite content (% Cg) and total sulphur by LECO. Samples were collected in accordance with industry-standard quality assurance / quality control practices and included the insertion of blanks, standard reference materials, and repeats into the sample stream at regular intervals. Samples were also collected for in-field and lab density measurements at regular intervals and through the mineralized zones. The full technical report dated May 29, 2025, with an effective date of April 10, 2024, is titled 'Technical Report on the Key Lake South Project with Initial Mineral Resource Estimate for the Loki Flake Graphite Deposit, Saskatchewan, Canada'. The report was prepared for Abasca Resources Inc. by Understood Mineral Resources (UMR), and can be found under the Company's issuer profile at SEDAR+ ( ) and on the Company's website ( ). The Company also announced that the second and final tranche of its private placement, previously announced on April 22, 2025, is expected to close in the first week of June 2025. For more information on the Loki Flake Graphite Deposit and an overview of the Key Lake South Project, please visit the Company's website at Qualified Person The technical information in this news release has been reviewed and approved by Brian McEwan, a Qualified Person as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. McEwan is the Vice-President of Exploration at Abasca. The mineral resource estimate presented in this news release was completed by Matthew Batty, a Qualified Person as defined under NI 43-101. Mr. Batty is a Geostatistician and the owner of Understood Mineral Resources Ltd. About Abasca Resources Inc. Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,977-hectare exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km south of the former Key Lake mine and current Key Lake mill. The project possesses geological similarities and along strike of past Key Lake Mine with prospective conductors of over 50 km for potential uranium mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total inferred resource of 11.31 Mt at 7.65 % Cg. Please refer to the Company's news release dated April 15, 2025 for further information about the resource estimate. On behalf of Abasca Resources Inc. Dawn Zhou, CPA President, CEO and Director For more information visit the Company's website at or contact: Abasca Resources Inc. Email: [email protected] Telephone: +1 (306) 933 4261 Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release. Forward-Looking Statements This press release may contain certain forward-looking information and statements ('forward-looking information') within the meaning of applicable Canadian securities legislation that are not based on historical fact, including without limitation statements containing the words 'believes', 'anticipates', 'plans', 'intends', 'will', 'should', 'expects', 'continue', 'estimate', 'forecasts' and other similar expressions. Forward-looking information reflects management's current beliefs with respect to future events and is based on information currently available to management. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the initial mineral resource estimate; the potential for resource expansion and upgrading; the positioning of Abasca to potentially become a major contributor to North America's secure supply chain of graphite; the derisking of the Loki Deposit for development and the creation of shareholder value; the continued delineation of the deposit; and the movement of the Project into next stages. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Abasca undertakes no obligation to comment on analyses, expectations, or statements made by third-parties in respect of Abasca, its securities, or financial or operating results (as applicable). Although Abasca believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks, uncertainties and factors, certain of which are beyond Abasca's control, including the impact of general business and economic conditions; risks related the exploration activities to be conducted on KLS, including risks related to government and environmental regulation; actual results of exploration activities; industry conditions, including uranium and graphite price fluctuations, interest and exchange rate fluctuations; the influence of macroeconomic developments; business opportunities that become available or are pursued; title, permit or license disputes related to KLS; litigation; fluctuations in interest rates; and other factors. In addition, the forward-looking information is based on several assumptions which may prove to be incorrect, including, but not limited to, assumptions about the availability of qualified employees and contractors for the Company's operations and the availability of equipment. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Abasca disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. SOURCE: Abasca Resources Inc. press release
Scotsman
08-05-2025
- Scotsman
Dundee crash: Pedestrian in hospital with serious injuries after BMW crash
Police are appealing for information following a serious crash involving a car and a pedestrian on Old Glamis Road in Dundee. | Adobe Stock / Google Maps Police are appealing for information following a serious crash involving a pedestrian and car in Dundee. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A pedestrian is in hospital with serious injuries after being hit by a car in Dundee. Emergency services were called to a collision between a grey BMW and a 45-year-old man on Old Glamis Road just after 1pm on Wednesday, May 7. Advertisement Hide Ad Advertisement Hide Ad The pedestrian was taken to Ninewells Hospital with what have been described as serious injuries. The driver of the vehicle, a 39-year-old man, was not injured. The road was closed until 10pm to allow for investigations to take place. Police are now calling on any potential witnesses to come forward. Sergeant Brian McEwan, road traffic policing, said: 'Our enquiries into the circumstances are ongoing. 'I am appealing for anyone who saw the crash who hasn't already spoken to officers to get in touch. Advertisement Hide Ad Advertisement Hide Ad 'I would also ask anyone who was in the area at the time and may have dash-cam footage which could assist to contact us.'
Daily Record
08-05-2025
- Daily Record
Man rushed to hospital with 'serious injuries' after being bit by BMW in Dundee
Police have confirmed that a 45-year-old man was rushed to Ninewells Hospital with serious injuries A man has been left seriously injured after being struck by a car in Dundee that closed a road for over nine hours. Emergency services raced to Old Glamis Road at around 1.05pm on Wednesday, May 7, following reports of a collision between a grey BMW and a pedestrian. Police have confirmed that a 45-year-old man was rushed to Ninewells Hospital with serious injuries, while the 39-year-old male driver of the vehicle was uninjured . Police closed the road for several hours to allow crash investigators to examine the scene. Eye witnesses told the Record that forensics were in attendance with plain clothes officers and unmarked cars. The road later reopened at around 10pm . Officers from Police Scotland are now appealing for witnesses or dash-cam footage to help piece together exactly what happened. Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. Sergeant Brian McEwan , from the Road Policing Unit, said: 'Our enquiries into the circumstances are ongoing. I am appealing for anyone who saw the crash who hasn't already spoken to officers to get in touch. 'I would also ask anyone who was in the area at the time and may have dash-cam footage which could assist to contact us.' Anyone with information is urged to contact Police Scotland on 101 , quoting reference number 1592 of 7 May, 2025.
The Courier
08-05-2025
- The Courier
Man, 45, suffers serious injuries after being hit by car in Dundee
A 45-year-old man has suffered serious injuries after being hit by a car in Dundee. Emergency services were called to the collision between a grey BMW and the pedestrian on Old Glamis Road just after 1pm on Wednesday. The road between the Kingsway roundabout and Park Road was closed for several hours following the crash. The 39-year-old male driver was not injured. Police have launched an appeal for witnesses following the incident. Sergeant Brian McEwan said: 'Our inquiries into the circumstances are ongoing. 'I am appealing for anyone who saw the crash who hasn't already spoken to officers to get in touch. 'I would also ask anyone who was in the area at the time and may have dashcam footage that could assist to contact us.' Anyone with any information is asked to contact Police Scotland quoting reference 1592 of May 7.
STV News
08-05-2025
- STV News
Man in hospital with serious injuries after being hit by BMW
A man has been left with serious injuries after being struck by a BMW in Dundee. Emergency services were called to the scene of a crash, involving a grey BMW and a pedestrian, on Old Glamis Road at around 1pm on Wednesday. The pedestrian, a 45-year-old man, was taken to Ninewells Hospital with serious injuries. The 39-year-old driver was not injured. The road was closed to allow for investigations to take place and reopened at around 10pm. Police Scotland is urging anyone with information regarding the incident to come forward. Sergeant Brian McEwan, road traffic policing, said: 'Our enquiries into the circumstances are ongoing. 'I am appealing for anyone who saw the crash who hasn't already spoken to officers to get in touch. 'I would also ask anyone who was in the area at the time and may have dash-cam footage which could assist to contact us.' Anyone with any information is asked to contact 101 quoting reference 1592 of May 7, 2025. Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
