SKRR Exploration (TSXV:SKRR)

SKRR Exploration Inc. Provides Update on Fathom Nickel

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that Fathom Nickel Inc. (CSE: FNI) is undertaking a drill program at its Albert Lake nickel property. The 4-week drill program is anticipated to include between five and seven drillholes for a total of 2,000-2,500 meters (see Fathom's news release dated January 16, 2024 ).

SKRR Exploration logo (CNW Group/SKRR EXPLORATION INC.)

Sherman Dahl , CEO of SKRR commented that: "This is exciting news. The Fathom Lake drill program offers hidden value to all SKRR shareholders as we continue to plan for 2024 developments within Saskatchewan . SKRR continues to hold 2,000,000 common shares of Fathom Nickel and we wish the exploration team success!"

SKRR is a Canadian-based precious and base metal explorer with properties in Saskatchewan – one of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class uranium, precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl
President & CEO
Tel: 250-558-8340

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address Fathom Nickel's drilling and future results from drilling, other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain or obtain all necessary government permits, approvals and authorizations, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, failure to maintain or obtain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/07/c1379.html

News Provided by Canada Newswire via QuoteMedia

SKRR:CA
SKRR Exploration

SKRR Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
SKRR Exploration (TSXV:SKRR)

SKRR Exploration


Keep reading...Show less
SKRR Exploration Inc. Announces Definitive Agreement with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

SKRR Exploration Inc. Announces Definitive Agreement with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

SKRR Exploration Inc. (TSXV: SKRR); (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that, further to its news release on December 4, 2023 it has entered into a definitive agreement (" Definitive Agreement ") with X1 Entertainment Group Inc. (CSE: XONE) (" X1 "), pursuant to which X1 has agreed to acquire a 100% legal and beneficial interest in SKRR's wholly-owned Manson Bay project (the " Property ").

SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.)

The Property consists of thirteen (13) contiguous mineral claims totaling 4,293.213 hectares, located in the Trans Hudson Corridor in east-central Saskatchewan , approximately 40km northwest of the historic mining center of Flin Flon , on the Manitoba border.

Transaction Terms

Pursuant to the terms and conditions of the Definitive Agreement, X1 has agreed to acquire (i) 100% of SKRR's rights, title, and interest in the Property, and (ii) all data and information in the possession of SKRR with respect to the Property and the activities conducted thereon (the " Data and Information ", and together with the Property, the " Purchased Assets "). As consideration for the Purchased Assets, X1 has agreed to issue SKRR 1,000,000 common shares in the capital of X1 (the " Consideration Shares "). In addition to a statutory hold period of four months plus one day from the date of issuance, the Consideration Shares will be subject to contractual resale restrictions pursuant to which (i) 50% will be released on the date that is four (4) months following the date of closing (the " Closing Date "), (ii) 25% will be released on the date that is six (6) months following the Closing Date, and (iii) 25% will be released on the date that is eight (8) months following the Closing Date.

X1's acquisition of the Purchased Assets (the " Transaction ") is subject to a number of customary conditions including, but not limited to, meeting all conditions required by the Canadian Securities Exchange to receive approval of the Transaction for X1, including X1 having sufficient working capital for 12 months, which will require additional capital raising activities by X1, and the receipt of approval from X1's shareholders; X1's receipt of a Technical Report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Project ; each of X1 and SKRR performing and complying in all material respects with the terms and conditions of the Definitive Agreement; and the absence of any material adverse change in respect of the Property. The Transaction cannot be completed until these conditions have been satisfied or waived. There can be no guarantees that the Transaction will be completed as contemplated or at all.

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the terms and conditions of the Definitive Agreement, the closing of the Transaction and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/07/c1008.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SKRR Exploration Inc. Receives TSXV Approval of Amendment to Definitive Option Agreement with F3 Uranium Corp. for the Clearwater West Project, Saskatchewan

SKRR Exploration Inc. Receives TSXV Approval of Amendment to Definitive Option Agreement with F3 Uranium Corp. for the Clearwater West Project, Saskatchewan

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that further to its news release dated January 10, 2024, the TSX Venture Exchange has accepted the amendment agreement (the " Amendment Agreement ") in respect of the option agreement (the " Option Agreement ") dated May 25, 2023 (the " Effective Date ") with F3 Uranium Corp. (TSXV: FUU) (" F3 ") to acquire up to a 70% interest in the Clearwater West Property. The Clearwater West Property is comprised of 3 contiguous mineral claims totaling 11,786 hectares, located ~20km outside the edge and in the south-west area of the Athabasca Basin.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SKRR Exploration Inc. Amends Definitive Option Agreement with F3 Uranium Corp. for the Clearwater West Project, Saskatchewan

SKRR Exploration Inc. Amends Definitive Option Agreement with F3 Uranium Corp. for the Clearwater West Project, Saskatchewan

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") announces that it has entered into an amendment agreement (the " Amendment Agreement ") dated January 8, 2024 in respect of the option agreement (the " Option Agreement ") dated May 25, 2023 (the " Effective Date ") with F3 Uranium Corp. (TSXV: FUU) (" F3 ") to acquire up to a 70% interest in the Clearwater West Property (see SKRR news release dated May 26, 2023 ). The Clearwater West Property is comprised of 3 contiguous mineral claims totaling 11,786 hectares, located ~20km outside the edge and in the south-west area of the Athabasca Basin.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SKRR Exploration Inc. Closes Private Placement

SKRR Exploration Inc. Closes Private Placement

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

SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce that it has closed a non-brokered private placement (the " Offering ") for aggregate gross proceeds of $110,004 consisting of 916,700 critical mineral exploration tax credit (" CMETC ") flow-through units of the Company (each, a " FT Unit ") at a price of $0.12 per FT Unit. Each FT Unit consists of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act ( Canada ) (a " FT Share ") and one-half of one transferable common share purchase warrant (" Warrants "). Each whole Warrant entitles the holder thereof to purchase one common share of the Company (a " Warrant Share ") at a price of $0.15 at any time on or before the date which is 24 months following the closing of the Offering.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
SKRR Exploration Inc. Announces Letter of Intent with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

SKRR Exploration Inc. Announces Letter of Intent with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

 SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (" SKRR " or the " Company ") is pleased to announce it has entered into a letter of intent (" LOI ") with X1 Entertainment Group Inc. (CSE: XONE) (" X1 "), whereby SKRR and X1 will negotiate and settle the terms of a definitive acquisition agreement (the " Acquisition Agreement ") for X1 to acquire a 100% interest in SKRR's wholly-owned Manson Bay gold project (the " Manson Bay Project ").

SKRR Exploration Logo (CNW Group/SKRR EXPLORATION INC.)

The Manson Bay Project is located in the Trans Hudson Corridor in east-central Saskatchewan , approximately 40km northwest of the historic mining center of Flin Flon , on the Manitoba border. The Manson Bay Project consists of thirteen (13) contiguous mineral claims totaling 4,293.213 hectares.

Under the terms of the LOI, X1 may acquire a 100% interest in the Manson Bay Project by issuing 1,000,000 common shares in the capital of X1 to SKRR. The potential Acquisition Agreement and the consideration and transactions contemplated thereunder, will be subject to and in accordance with applicable corporate and securities laws and the approval of the Canadian Securities Exchange, and if required, the approval of the TSX Venture Exchange and any other such approvals that may be required, including approval of the shareholders of X1.

Further details regarding the proposed transaction with X1 will be provided in a comprehensive news release if, and when, the parties enter into the Acquisition Agreement. There can be no guarantees that the proposed transaction will be completed as contemplated or at all.

SKRR is a Canadian-based precious and base metal explorer with properties in British Columbia and Saskatchewan – some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the Trans-Hudson Corridor in Saskatchewan in search of world class precious and base metal deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been significantly under-explored in Saskatchewan . SKRR is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl
President & CEO
Tel: 250-558-8340

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements that address the potential transaction with X1 including entering into the Acquisition Agreement, Canadian Securities Exchange and TSX Venture Exchange approval of the transaction, as applicable, approval of the shareholders of X1 and other statements relating to the technical, financial and business prospects of the Company, its projects and other matters, and the Company's plans and goals. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, the ability to secure equipment and personnel to carry out work programs, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, the interpretation of technical and scientific data, risks related to the inherent uncertainty of exploration and development and cost estimates and the potential for unexpected costs and expenses and including those filed under the Company's profile on SEDAR at www.sedarplus.ca . There is a possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, decrease in the price of metals, equipment failures or failure to obtain the necessary equipment, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

SOURCE SKRR Exploration Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/04/c1605.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
1844 Provides Updates on Hawk Ridge Option Agreement and Non-Brokered Private Placement of Units

1844 Provides Updates on Hawk Ridge Option Agreement and Non-Brokered Private Placement of Units

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that its previously announced amended and restated option agreement (the "Amended and Restated Option Agreement") with Nickel North Exploration Corp. has terminated in accordance with the terms of the Amended and Restated Option Agreement due to market conditions. As a result, the Company has no right to acquire any interest in the Hawk Ridge property.

With the termination of the Amended and Restated Option Agreement, the Company now intends to use the aggregate gross proceeds of up to $1,500,000 from its previously announced non-brokered private placement of up to 75,000,000 units (each, a "Unit) at a price of $0.02 per Unit (the "Unit Offering") for general and administrative expenses and for other properties in the Company's portfolio. The Company expects to close the Unit Offering on or about March 8th, 2024, subject to TSX Venture ("TSX-V") approval.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Resources Announces Completion of Drilling at the Odienné Project

Awalé Resources Announces Completion of Drilling at the Odienné Project

Highlights:

  • 21-hole, ~4,000 metre drill program that began in December is now complete, with preliminary assays expected in March
  • Drilling at BBM, Charger and Lando intercepted significant widths of alteration and mineralization
  • A new video is now published highlighting the impressions of this drill program

Awalé Resources Limited. (TSXV: ARIC) (the "Company" or "Awalé") is pleased to announce that we have recently completed a 21 hole 3932m Diamond drill program that commenced in late December 2023. Initial assay results from drilling are expected in March, samples were batch sent to the laboratory during drilling and the BBM target will be reported first followed by Charger and Lando. The drilling at BBM, Charger and Lando has intercepted target alteration and mineralization and results are eagerly anticipated.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue

Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - February 29, 202 4 - Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV: CELL, OTCQB: EVKRF, FRA: NMK2) announces that Global Business Reports, a respected industry news writer and editorial author, has profiled Grid Battery Metals Inc. in its latest issue of the Western USA Mining 2024 profiling active and successful mineral exploration companies in this region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Announces Results of 2024 Shareholder Meeting

Noble Announces Results of 2024 Shareholder Meeting

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario February 28, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the results of its Annual General and Special Meeting of shareholders held on February 28, 2024. (the " AGM "). At the AGM, the shareholders approved:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Company Bulletin

Company Bulletin

(TheNewswire)

Noble Mineral Exploration Inc.

February 8, 2024 / TheNewswire / Noble Mineral Exploration Inc. ( TSXV:NOB) (FWB:NB7) ( OTC:NLPXF) is providing a link to a news release of today, issued by Canada Nickel Company entitled:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

  • New High-Resolution gravity survey suggests potential to rapidly expand Massive Sulphide Mineralization at current Venda Nova North and South Deposits
  • Multiple additional gravity anomalies identified to potentially add to the Massive Sulphide Ore Bodies near Venda Nova
  • EDM's Option to gain a 15% interest in the Project extended to September 30, 2024 due to upcoming elections and government change

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the results of its recent high-resolution gravity survey completed over the Venda Nova North and South Deposits at its Lagoa Salgada VMS Project, in Portugal

Key Highlights

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
SKRR Exploration

SKRR Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×