VANCOUVER, British Columbia, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR) (OTC Pink:LANRF) (FRA:6UF) (“Lancaster” or the “Company”), is pleased to announce that it has acquired a 100% interest in additional mineral claims, “Lac Iris 4”, at the Lac Iris Polymetallic Project in the James Bay region of Quebec. These new claims were acquired through directly staked mineral applications that have been reviewed and approved by the Québec mining authority, Ministère des Resources Naturelles ...

Core Viewpoint - Li-FT Power Ltd. has successfully completed the sale of 313 claims in Quebec to Power Metallic Mines for C$700,000 in cash and 6,000,000 shares, enhancing its financial flexibility and maintaining exposure to future exploration success in the region [1][7]. Financial Details - The transaction includes a cash payment of C$700,000 and 6,000,000 shares of Power Metallic Mines, which represent approximately 2.6% of Power Metallic's outstanding shares, with an estimated market value of C$7 million [5][6]. - The shares are subject to a statutory hold period expiring on November 12, 2025, with half of them also subject to a contractual resale restriction ending on July 11, 2026 [6]. Company Strategy - The sale is part of the company's strategy to unlock value from its portfolio while strengthening its balance sheet and providing additional flexibility to advance core projects [7]. - The company continues to focus on lithium pegmatite projects, with its flagship project being the Yellowknife Lithium Project in Northwest Territories, Canada [9]. Additional Information - The company has granted 20,407 Deferred Share Units (DSUs) to independent directors in lieu of director fees for the second quarter, valued at C$2.51 per DSU [7][8]. - Each DSU represents the right to receive one common share, vesting one year from the grant date [8].

Core Viewpoint - Nevada Zinc Corporation has completed the sale of its mineral claims in Eureka County, Nevada to Minaurum Gold Corp, which includes both owned and leased claims, as part of a strategic move to enhance shareholder value [1][3][10]. Group 1: Transaction Details - The transaction involves 203 mineral claims, including 1 patented claim and 26 unpatented lode claims owned by the Company's subsidiary, as well as 176 unpatented lode claims held through a long-term lease [2]. - Minaurum Gold Corp exercised an exclusive option to acquire 100% of the Company's rights in the owned and leased claims by issuing 3,846,893 common shares valued at $1,000,000 and paying a cash fee of $100,000 [3]. - The transaction was approved by the Company's shareholders on February 7, 2025, and further details are available in the Company's information circular [4]. Group 2: Listing and Financial Implications - Following the transaction, the Company will not meet the Tier 2 Continued Listing Requirements of the TSX Venture Exchange, resulting in its shares being transferred to the NEX Board [5]. - The Company received a secured loan of $173,321.07 from a director, which was used for various operational expenses, and the loan has been extended until repayment is feasible [6][7]. - The loan is considered a related party transaction, and the Company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the low market capitalization impact [8]. Group 3: Strategic Direction - The Company is exploring strategic alternatives to enhance shareholder value, indicating a proactive approach to its financial and operational strategy [10].

Core Viewpoint - Western Star Resources Inc. is initiating a non-brokered Private Placement to raise up to $555,000 through the issuance of 3,700,000 units priced at $0.15 each, aimed at funding exploration and operational activities [1][3]. Group 1: Private Placement Details - The Private Placement will consist of units that include one common share and one share purchase warrant, exercisable at $0.30 for two years [2]. - An acceleration clause is included, allowing the company to shorten the warrant term to 30 days if the share price reaches CAD$0.40 for 10 consecutive trading days [2]. - All securities issued will be subject to a four-month holding period [2]. Group 2: Use of Proceeds - The net proceeds from the Private Placement will be utilized to define high-priority drill targets at the Western Star Project, along with general working capital and market awareness initiatives [3]. Group 3: Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [5]. - The company holds nine contiguous mineral claims totaling 2,797 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometers southeast of Revelstoke [5].