Churchill Resources Announces Fully Subscribed $700,000 Private Placement and Strategic Leadership Changes to Bolster Growth and Operational Execution

Core Viewpoint - Churchill Resources Inc. is undertaking a non-brokered private placement to raise up to $700,000 and is implementing a strategic leadership transition to enhance its capital markets presence and operational execution as it advances its projects in Newfoundland and Labrador [1][2]. Private Placement Financing - The private placement will consist of up to 14,000,000 common shares priced at $0.05 per share, with proceeds aimed at advancing exploration activities and general corporate purposes [2]. - The expected closing date for the private placement is around July 9, 2025, pending approval from the TSX Venture Exchange [2]. Strategic Leadership Changes - The leadership transition aims to strengthen the company's strategic and operational capabilities while maximizing continuity benefits [3]. - Conan McIntyre will focus on corporate strategy, capital markets activities, and business development, while Paul Sobie will concentrate on advancing exploration programs [4]. Exploration Focus - Paul Sobie expressed enthusiasm for dedicating full attention to exploration activities at key sites including Black Raven, Taylor Brook, and Florence Lake, aiming to accelerate field programs and maximize asset value [6]. - The Black Raven property is highlighted as a significant exploration opportunity with a polymetallic metal assemblage and historical production evidence, which has not been drilled using modern techniques [7]. Management Experience - The management team and board of Churchill Resources Inc. possess extensive experience in mineral exploration and establishing successful publicly listed mining companies, both in Canada and globally [7].