New Earth Resources Announces Private Placement

Core Viewpoint - New Earth Resources Corp. is initiating a non-brokered private placement to raise up to $1,750,000 for general working capital and eligible Canadian exploration expenses [1][3]. Group 1: Offering Details - The Offering will consist of up to 2,000,000 units priced at $0.375 each, raising gross proceeds of $750,000, and up to 2,222,222 flow-through units priced at $0.45 each, raising up to $1,000,000 [2]. - Each Unit includes one Class A common share and one Share purchase warrant, allowing the purchase of one Share at $0.50 for 36 months [2]. - Each FT Unit includes one flow-through Share and one FT Unit Warrant, allowing the purchase of one Share at $0.60 for 36 months [2]. Group 2: Use of Proceeds - Proceeds from the sale of Units will be allocated for general working capital [3]. - Proceeds from the sale of FT Units will be used for eligible Canadian exploration expenses on the Company's mineral exploration properties in Canada [3]. Group 3: Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing advanced and early-stage exploration projects [6]. - The flagship project is the 100% owned Lucky Boy Uranium Property in Arizona, which has a history of uranium production [6]. - The Company also has options to acquire interests in additional claims in Quebec and Labrador, prospective for rare earth elements [7].