Lancaster Resources Completes Acquisition of Lac Iris Polymetallic Project

Lancaster Resources Completes Acquisition of Lac Iris Polymetallic Project

Lancaster Resources Inc. (CSE:LCR,OTC:LANRF) (OTC Pink:LANRF) (FRA:6UF) (" Lancaster "), is pleased to announce that it has acquired a 100% interest in the Lac Iris Polymetallic Project in the James Bay region of Quebec through directly staked mineral claims that have been reviewed and approved by the Québec mining authority, Ministère des Ressources naturelles et des Forêts, (MRNF).

Acquisition Highlights

  • Strategic Location : The Lac Iris properties are situated just 4–5 km north and south of the Nisk and Lion discoveries by Power Nickel Inc., and are immediately adjacent to the Li-FT Power Ltd. Rupert Lithium Project.
  • Significant Land Package: The acquisition adds approximately 694 hectares across three packages and complements Lancaster's existing option on the Trans-Taiga Project in James Bay.
  • Prospective Geology: The project lies along the geological trend hosting the Whabouchi Lithium pegmatite deposit and the Nisk polymetallic nickel-copper sulphide deposit, and is positioned at the boundary between the La Grande and Opatica Subprovinces—a deep-seated crustal feature known for pegmatites and polymetallic mineralization.
  • Diversified Portfolio Growth: Expands Lancaster's exploration footprint in James Bay, while complementing its uranium and gold projects in Saskatchewan and its recently completed Lake Cargelligo Gold Project in New South Wales, Australia.

Figure 1

"Lancaster is extremely pleased to have acquired these mineral claims. The properties significantly boost our exploration prospects in James Bay," said Andrew Watson, President and CEO of Lancaster Resources. "This acquisition supports Lancaster's push for precious metal discoveries, alongside our Lake Cargelligo acquisition, as we continue to build shareholder value."

Lancaster discloses that the map contained in the June 12, 2025 news release is no longer accurate. Certain claims previously shown were rejected by the provincial government due to a technical defect. Lancaster has since directly staked new claim blocks, which have been reviewed and approved by the Québec mining authority MRNF. The map included in this news release accurately reflects the claims that have been acquired and confirmed as part of the Lac Iris Project.

The proximity of the Lac Iris Property to adjacent or nearby mineral properties, including the NISK Project and the Whabouchi Mine, is not necessarily indicative of the mineralization on the Lac Iris Property. There is no certainty that exploration on the Lac Iris Property will result in similar discoveries or resource estimates.

Andrew Watson, P.Eng., President & CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects . Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is the President and CEO of Lancaster and is not independent of the Company.

About Lancaster Resources Inc.

Lancaster Resources Inc. is a Canadian exploration company advancing a portfolio of critical mineral and gold projects in established mining jurisdictions. The Company holds a 100% interest in the Lake Cargelligo Gold Project in New South Wales, Australia, covering more than 28,768 hectares with a history of drilling and exploration. In Canada, Lancaster's assets include the Lac Iris Polymetallic Project and an option to acquire the Trans-Taiga Project in Quebec's James Bay region, as well as the Piney Lake Gold Project and uranium projects at Catley Lake and Centennial East in Saskatchewan's Athabasca Basin. Lancaster's diversified land position provides exposure to gold, uranium, polymetallic, and lithium exploration opportunities.

Andrew Watson, President & Chief Executive Officer, Lancaster Resources Inc.
Andrew@lancasterlithium.com
Tel: 604 923 6100

www.lancaster-resources.com

The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/76cca57e-2fad-43d7-a4a2-ca54c58c35a5



Primary Logo

News Provided by GlobeNewswire via QuoteMedia

LCR:CC
The Conversation (0)
Lancaster Resources Provides Corporate Update

Lancaster Resources Provides Corporate Update

Lancaster Resources Inc. (CSE:LCR | OTC:LANRF | FRA:6UF0) ( the "Company" or "Lancaster") is pleased to provide a corporate update. The Company's portfolio of projects includes the Piney Lake Gold Project, Catley Lake and Centennial East Uranium Projects in Saskatchewan, the Alkali Flat Lithium Brine Project In New Mexico and the Trans-Taiga Project in James Bay, Quebec. The Company continues to review gold and critical mineral projects for acquisition.

Piney Lake Gold Project

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Engages KorrAI Technologies Inc. for Uranium Exploration Using AI Advanced Geospatial Solutions

Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF0) ("Lancaster"), a North American lithium exploration company, is thrilled to announce the signing of a service agreement with KorrAI Technologies Inc. ("Korrai"), a pioneering artificial intelligence, earth systems modelling, and remote imaging company. This collaboration marks a significant step forward in Lancaster's mission to leverage cutting-edge technology to optimize and enhance its critical mineral exploration projects.

Under the terms of this agreement, KorrAI will provide Lancaster with advanced geospatial data products to identify field targets for sampling. This technology will be integral to Lancaster's exploration activities, specifically for uranium at the Catley Lake and Centennial East properties. The scope of KorrAI's work, as outlined in the contract, will include the identification and digitization of outcrop exposures from AI-based detection, mapping of iron oxide signatures, mapping and source vectoring of vegetation stress signatures, integrating geological and geophysical datasets, and the recommendation of exploration targets for field exploration and sampling programs.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Announces Update on Exploration Plans at Uranium Prospective Catley Lake and Centennial East Properties in Athabasca Basin and Announces Financing

Lancaster Resources Announces Update on Exploration Plans at Uranium Prospective Catley Lake and Centennial East Properties in Athabasca Basin and Announces Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) ("Lancaster" and the "Company") announces an update on its exploration plans for its Uranium prospective Catley Lake & Centennial East properties in the Athabasca Basin of Saskatchewan, Canada.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Lancaster Resources Inc. (CSE:LCR) (OTCQB: LANRF) (FRA:6UF0) (" Lancaster "), a critical mineral exploration company, is pleased to announce the appointment of Miguel Paucar, B.Sc., M.Sc. to its Advisory Board. With over 28 years of extensive experience in the international mining sector, Miguel brings a wealth of knowledge and expertise from his work across diverse geographical regions including South Africa, Australia, Chile, Mexico, Peru, and Brazil. His career has encompassed significant roles in both underground and open-pit mining as well as geomechanics.

Miguel notably served as the Mining Director at Sigma Lithium from 2021 to 2022, where he spearheaded major advancements in lithium extraction technologies and sustainability practices. Under his leadership, the company implemented initiatives such as using 100% renewable energy and recycled water, producing "quintuple zero green" lithium with a focus on zero tailings dams and zero hazardous waste.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Lancaster Resources Appoints Paola Rojas to Advisory Board, Bolstering Global Expertise in Metals and Energy

Lancaster Resources Appoints Paola Rojas to Advisory Board, Bolstering Global Expertise in Metals and Energy

Lancaster Resources Inc. (CSE:LCR) (OTCQB: LANRF) (FRA:6UF0) (" Lancaster "), a critical mineral exploration company, is pleased to announce the appointment of Paola Rojas as a member of its Advisory Board. With her extensive experience in metals, energy, and technology investments, Paola will provide strategic insights and guidance to support Lancaster's growth and development.

Paola Rojas is a recognized corporate advisor, investor, and director with a significant track record in the Australian and American markets. As a principal at Synergy Resource Capital, she has spearheaded numerous successful initiatives, overseeing more than USD $80 million in mergers, acquisitions, and capital raising efforts with a strong focus on lithium, copper and precious metals. Her expertise in cross-border deal design, financial analysis, and investor relations will be invaluable to Lancaster as it continues to expand its project portfolio.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

Altech Batteries (ATC:AU) has announced ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

Download the PDF here.

Altech Batteries Ltd  CERENERGY Battery Prototype Reaches Key Milestones

Altech Batteries Ltd CERENERGY Battery Prototype Reaches Key Milestones

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce the latest performance results of the CERENERGY(R) cell and battery pack prototypes. These results confirm the technological maturity and robustness of the CERENERGY(R) technology and mark another decisive step towards industrialisation.

Highlights

- 650+ cycles with no capacity loss, proving exceptional material stability and long operational lifespan compared to conventional batteries

- Near 100% Coulombic efficiency, confirming minimal side reactions and strong intrinsic safety of sodium nickel chloride chemistry

- High energy efficiency of up to 92%, surpassing typical 70-80% levels of competing battery technologies

- Proven safety under extreme conditions - cells remained stable during overcharge, deep discharge, and thermal cycling up to 300 degC with no gassing, leakage, or rupture

- Robust and reliable chemistry - sodium nickel chloride avoids flammable electrolytes and runaway risks, confirming suitability for safe, large-scale grid and renewable energy storage

- ABS60 prototype validated under real-world conditions -tested across diverse load profiles, high-current pulses up to 50 A, and thermal variations

- Stable, efficient performance - achieved ~88% round-trip efficiency with no observable capacity fade over 110+ cycles

CELL PERFORMANCE

The CERENERGY(R) prototype cells have successfully completed over 650 charge-discharge cycles without any detectable capacity loss. Cycle life is a critical measure of battery durability, as most conventional batteries experience gradual degradation with every cycle. Achieving such performance highlights the outstanding stability of the materials and points to the potential for a long operational lifespan.

For stationary energy storage systems (ESS), this translates into fewer battery replacements, lower lifetime operating costs, and greater reliability for end users.

The cells also delivered nearly 100% Coulombic efficiency alongside an energy efficiency of up to 92% across 650 cycles. Coulombic efficiency reflects the proportion of charge recovered during discharge relative to what was supplied during charging. A value approaching 100% indicates minimal side reactions or parasitic losses, confirming the intrinsic stability and safety of sodium nickel chloride chemistry. This high efficiency demonstrates that the cells are not expending energy on unwanted processes such as electrode degradation. Such performance is vital for scalability, ensuring reliable, longterm operation in commercial energy storage applications.

Energy efficiency represents the proportion of energy delivered relative to the energy supplied. Competing technologies, including conventional high-temperature batteries and many flow batteries, typically achieve only around 70-80%. By reaching 92%, CERENERGY(R) positions itself in a highly competitive class, offering more cost-effective energy storage, stronger economics for grid operators, and seamless compatibility with the requirements of renewable energy integration.

The cells achieved a nominal capacity of 100 Ah and 250 Wh, with reliable performance even at higher discharge rates. A key feature is their ability to support multiple daily charge-discharge cycles within the 20-80% state of charge (SoC) range at 25 A. This capability positions CERENERGY(R) as a highly flexible solution for grid operators and energy storage providers, enabling cost-efficient, long-life performance in applications that demand frequent cycling such as renewable integration, peak shaving, and backup power.

CERENERGY(R) prototype cells underwent rigorous abuse testing, including overcharge to 4 V, deep discharge to 0.2 V, and thermal cycling between room temperature and 300 degC. In all cases, the cells remained stable with no gassing, leakage, or rupture -clear proof of their outstanding safety. These results highlight the intrinsic stability of sodium nickel chloride chemistry, which avoids the flammable electrolytes and runaway risks common in lithium-ion batteries. The ability to withstand extreme electrical and thermal stress demonstrates CERENERGY(R)'s robustness and confirms its suitability for safe, largescale deployment in grid, renewable, and industrial energy storage applications. This was achieved over 3 cycles with 1.8 Full Charge Equivalent (FCE) into 22 hours.

BATTERY PACK ABS60 (60 kWh) PROTOTYPE

The first ABS60 battery pack prototype has been successfully validated under real-world operating conditions, marking a major step forward in product readiness. Testing included diverse load profiles,

continuous discharges at 25 A (equivalent to C-rate of C/4 (discharges in 4 hours), or one-quarter of the pack's rated capacity per hour) at 80% depth of discharge (DoD), short-duration high-current pulses up to 50 A, and carefully controlled thermal variations.

The pack consistently demonstrated stable performance, achieving ~88% round-trip efficiency while maintaining reliable thermal management. Efficiency refers to the proportion of input energy that can be retrieved during operation-a critical measure of economic viability for large-scale storage. Over more than 110 cycles, results showed no observable capacity fading and only a slight increase in internal resistance. Capacity fading refers to the gradual decline in usable energy over repeated cycles, while internal resistance influences power delivery and heat generation.

The absence of meaningful degradation confirms the durability and electrochemical stability of the ABS60 design. These outcomes are highly significant as they demonstrate that the pack can withstand real-world duty cycles while retaining performance and efficiency, translating into longer service life, fewer replacements, and lower total cost of ownership.

For grid operators and renewable integration projects, this combination of robust cycling capability, efficiency, and thermal stability underscores the ABS60's commercial readiness and competitive advantage in the stationary energy storage market.

These results are a strong confirmation of CERENERGY(R)'s technological leadership and a clear signal of the technology's competitiveness and robustness for future applications in energy storage and industrial markets.

Group Managing Director, Iggy Tan said "These results confirm CERENERGY(R)'s robustness and readiness for market adoption. Demonstrating long cycle life, high efficiency, and unmatched safety, we are now strongly positioned to deliver a competitive and sustainable alternative for grid and industrial energy storage."

*To view photographs, tables and figures, please visit:
https://abnnewswire.net/lnk/17QS44T3



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Battery Anode Material Refinery - Design & Location Update

Battery Anode Material Refinery - Design & Location Update

Metals Australia (MLS:AU) has announced Battery Anode Material Refinery - Design & Location Update

Download the PDF here.

IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

Rapid Critical Metals (RLL:AU) has announced IR1:IR1 Completes Acquisition to Consolidate Black Hills, US

Download the PDF here.

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary - Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: "A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels." Active companies in the markets this week include: Saga Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×