Abasca Resources Completes Winter Exploration and Private Placement

Abasca Resources Inc. has concluded its 2026 Winter exploration program at the Loki Flake Graphite Deposit in Saskatchewan. The company also announced a non-brokered private placement worth up to $2.5 million. The exploration involved 4,922 meters of drilling, among which 4,517 meters were diamond drillholes and 405 meters were sonic drillholes. The primary focus was on extending the Loki Deposit and conducting exploration at the Thor Zone.

The company successfully extended the Loki Deposit strike-length by 200 meters, reaching a total of 1.4 kilometers. Additionally, four drillholes at the Thor Zone confirmed continuity of graphite mineralization, with assays pending. The private placement aims to raise funds for further exploration and corporate purposes.