Abasca Resources Closes $2.5 Million Private Placement and Engages in Core Days 2026

Abasca Resources Inc. has announced its participation in Core Days 2026, held in La Ronge, Saskatchewan from May 11-13. This event highlights the company's ongoing commitment to responsible resource development with Northern Saskatchewan communities.

The company has successfully closed a non-brokered private placement worth $2.5 million. This includes 9,000,000 flow-through common shares at $0.25 and 1,250,000 non-flow-through shares at $0.20 per share. The proceeds will support Canadian exploration expenses at the Key Lake South Project, home to the Loki Flake Graphite Deposit.

Abasca emphasizes its commitment to local education and workforce development. It supports programs like the Mining Engineering Technician Program at Northlands College and collaborates with the Saskatchewan Precambrian Core Lab.