New Earth Resources Closes Private Placement

Core Viewpoint - New Earth Resources Corp. has successfully closed a non-brokered private placement, raising gross proceeds of $825,000 through the issuance of units [1][2]. Group 1: Offering Details - The Company issued a total of 2,200,000 Units at a price of $0.375 per Unit, with each Unit consisting of one Class A common share and one Share purchase warrant [2]. - Each Warrant allows the holder to purchase one Share at a price of $0.50 per Share until January 6, 2029 [2]. - The proceeds from the Offering will be utilized for general working capital [2]. Group 2: Finder's Fees and Warrants - In connection with the Offering, the Company paid cash finder's fees totaling $6,150 and issued 14,400 finder's warrants, each exercisable for one Share at an exercise price of $0.375 per Share until January 6, 2029 [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 [5]. - The flagship project is the 100% owned Lucky Boy Uranium Property in Arizona, which spans approximately 273 acres and has a history of uranium production [5]. - The Company also holds claims in Saskatchewan, Canada, covering 365 hectares, and has options to acquire additional claims in Quebec and Labrador, prospective for rare earth elements [6].