Abasca Resources Appoints New VP and Closes $3M Private Placement

Abasca Resources Inc. has appointed John Shmyr as Vice President of Engagement and Communications, bringing over 14 years of expertise in mineral exploration and stakeholder engagement. Shmyr will focus on community initiatives and oversee the development of the Loki Flake Graphite Deposit in Saskatchewan.

Moreover, the company successfully closed a $3.0 million non-brokered private placement, issuing 12 million flow-through shares at $0.25 each. Key stakeholders, including company insiders like President Dawn Zhou, participated significantly. The raised capital will advance exploration and development at the Loki Deposit, particularly the Preliminary Economic Assessment and ongoing drilling at the Key Lake South Project.