New Earth Resources Announces Exploration Plans on its Past-Producing Lucky Boy Uranium Project

Core Viewpoint - New Earth Resources Corp. is initiating exploration activities at its Lucky Boy Uranium Project in Arizona to enhance understanding of uranium mineralization [1][3] Exploration Activities - The exploration program will include geological mapping, geochemical surveys, and scintillometer surveys to assess potential uranium resources and define geological features [2][8] - The exploration is set to commence in January 2026, with updates expected in the coming months [3] Financial Activities - The company is increasing its flow-through private placement from 2,222,222 to 2,444,444 units at a price of $0.45 per unit, aiming for gross proceeds of up to $1,100,000 [4] - Each flow-through unit will consist of one share and one warrant, allowing the purchase of one share at $0.60 for 36 months [4] Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing uranium projects, with its flagship project being the Lucky Boy Uranium Property [5] - The Lucky Boy Project consists of 14 lode claims covering approximately 273 acres and has a history of uranium production in the 1950s and 1970s [5] Additional Projects - The company has options to acquire interests in additional claims, including the SL Project in Quebec, which is prospective for rare earth elements, and the Red Wine Rare Earth Project in Labrador [6]