Abasca Resources Advances Key Lake South Project with Environmental Study and Private Placement

AMV Capital Corp. ( (TSE:ABA) ) has issued an update.

Abasca Resources Inc. has engaged CanNorth Environmental Services to conduct environmental baseline studies at its Key Lake South Project to support the development of the Loki Flake Graphite Deposit and an Environmental Impact Assessment. The company also closed the first tranche of its non-brokered private placement, raising $250,000 to fund general and administrative expenses and working capital, which could enhance its operational capabilities and market positioning.

More about AMV Capital Corp.

Abasca Resources Inc. is a mineral exploration company focused on acquiring and evaluating mineral exploration properties. It owns the Key Lake South Project in the Athabasca Basin Region, which is notable for its potential uranium mineralization and the Loki Flake Graphite Deposit with an inferred resource of 11.31 Mt at 7.65% Cg.

YTD Price Performance: 3.33%

Average Trading Volume: 6,162

Technical Sentiment Signal: Sell

Current Market Cap: C$13.34M

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