Core Viewpoint - Buscando Resources Corp. is entering a new growth phase by expanding its portfolio in critical metals and natural hydrogen, aligning with long-term energy and security priorities in North America [3] Corporate Update - The company has acquired Element One, a 100%-owned subsidiary, to enhance research and acquisitions in natural hydrogen [4] - The Union Bay project in Alaska and the Star project in British Columbia cover over 4,800 hectares, targeting critical minerals like copper and nickel, as well as geologic hydrogen [5] - An early-season exploration program at the Foggy Mountain Project in British Columbia is underway, with results guiding future geochemical surveys and drilling campaigns [6] Strategic Positioning - Buscando's dual-focus strategy targets the global demand for critical minerals and the growing interest in clean hydrogen as an energy solution [7] - Collaborations with research institutions and government-supported programs aim to validate hydrogen-hosting systems on its properties [7] Upcoming Plans - An expanded exploration plan will incorporate results from recent airborne magnetic surveys and historic data [8] - Exploration projects on the Foggy Mountain and Star Projects are expected to commence in mid-July [8] - The company plans to release interpretations from the Foggy Mountain geophysical program and assess new hydrogen-accretive assets across North America [9] Private Placement Financing - The first tranche of a non-brokered private placement raised CAD$150,000 by issuing 750,000 units at CAD$0.20 each [10] - Each unit consists of one common share and one-half warrant, with full warrants exercisable at CAD$0.30 for 18 months [10] - Proceeds from the offering will be used for acquisition payments, exploration work on the Foggy Mountain Property, and general administrative expenses [12]
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Globenewswireยท2025-06-17 13:00