Abasca Resources Completes $3 Million Private Placement and Lauds Government Support

Abasca Resources Inc. successfully closed a $3 million non-brokered private placement, initially announced on July 20, 2026. The offering comprised 10 million flow-through shares at $0.25 each and 2.5 million non-flow-through shares at $0.20 each. The proceeds will fund exploration at the Loki Flake Graphite Deposit within the Key Lake South Project. Insiders, including President and CEO Dawn Zhou, participated in the offering.

In addition, Abasca acknowledged the Government of Saskatchewan's Targeted Mineral Exploration Incentive (TMEI). The company received an additional $150,000 in grant funding, totaling $350,000 in TMEI support for their graphite exploration efforts. This government-backed initiative is crucial in enhancing exploration projects like Loki, driving economic growth, and strengthening domestic supply chains.