Core Insights - New Earth Resources Corp. has issued 1,250,000 Class A common shares under an option agreement with Northex Capital Partners to acquire the Red Wine Rare Earth Project in Labrador, Canada [1][4] - The shares were issued at a price of $0.285, totaling an aggregate consideration of $356,250 [2] - The Red Wine Rare Earth Project consists of 2 non-contiguous mineral claims covering approximately 1,575 hectares [1][4] Company Overview - New Earth Resources Corp. is a Canadian mineral exploration company focused on acquiring and developing both advanced and early-stage exploration projects [3] - The company's flagship project is the Lucky Boy Uranium Property in Arizona, which spans approximately 273 acres and has a history of uranium production [3] - In addition to the Lucky Boy project, the company has options to acquire interests in other claims, including the SL Project in Quebec, which is prospective for rare earth elements [4]