Abasca Resources Confirms Initial Resource Estimate for Loki Flake Graphite Deposit

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

Abasca Resources Inc. has announced the filing of an independent NI 43-101 technical report confirming the initial mineral resource estimate for its Loki Flake Graphite Deposit. The report highlights a significant inferred resource of 11.31 million tonnes of graphite at an average grade of 7.65% Cg, underscoring the deposit’s development potential. The increasing demand for graphite, driven by the electric vehicle and energy storage markets, positions Abasca favorably within the critical minerals supply chain in Canada and the United States. The company plans to continue exploration to further unlock the potential of the Key Lake South Project, contributing to Saskatchewan’s Critical Minerals Strategy.

More about AMV Capital Corp.

Abasca Resources Inc. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the extraction of graphite, a critical mineral essential for electric vehicles and energy storage sectors, at its Key Lake South Project in northern Saskatchewan, Canada.

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Technical Sentiment Signal: Buy

Current Market Cap: C$13.34M

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