GUNGNIR RESOURCES INC - ASWRF STOCK NEWS

Gungnir Resources Inc. has successfully completed its second tranche of a non-brokered private placement, raising $1,808,200 by issuing 15,068,336 units at $0.12 each. This concludes a total of 21,318,336 units issued, generating gross proceeds of $2,558,200. The funds will support exploration, including drilling on nickel resources in Sweden. Insiders subscribed for 125,000 units, and cash commissions along with finder options were also part of the offering. All securities are subject to a four-month hold period.

Gungnir Resources Inc. has successfully closed the first tranche of its up-sized private placement, raising C$750,000 from a total offering of up to C$2,400,000. Altius Minerals Corporation led this tranche. The company plans to finalize the second tranche on March 28, 2022, with funds allocated for exploration of its nickel resources in Sweden. Each unit consists of a common share and a warrant priced at $0.18 per share for 24 months. The offering is subject to TSX Venture Exchange approval, and all securities will have a four-month hold period.

Gungnir Resources has increased its non-brokered private placement from $1.4 million to $2.4 million due to high market demand. The offering will consist of up to 20 million units priced at $0.12 per unit, potentially raising up to $2.4 million in gross proceeds. Each unit includes one common share and a warrant for another share at $0.18, valid for 24 months. Proceeds will fund exploration and drilling at nickel projects in Sweden. Closing is subject to TSX Venture Exchange approval.

Gungnir Resources Inc. (OTC PINK: ASWRF) has announced an agreement with Altius Minerals Corporation for a strategic investment of $750,000 through the purchase of 6,250,000 units at $0.12 each. The investment supports a larger private placement aiming to raise $1,400,000. Additionally, a royalty option agreement allows Altius to enter royalty agreements on Gungnir's nickel projects for a combined $10 million. Proceeds will fund exploration in Sweden, specifically targeting nickel resources, pending TSX approval.

Gungnir Resources (OTC PINK: ASWRF) reports its exploration highlights from 2021 and outlines its plans for 2022, with a strong focus on high-grade nickel. In 2021, successful drilling at the Lappvattnet project revealed significant nickel grades, including 3.19% over 4.25 meters. For 2022, over 75% of exploration funds will be allocated to nickel, with plans for up to 4,000 meters of drilling. A new gold target at Knaften will also be tested. The company aims for early spring 2022 drilling start, pending financing and permits.

Gungnir Resources (OTC PINK: ASWRF) announced favorable results from a ground electromagnetics (EM) geophysical survey at its high-grade Lappvattnet nickel project in Sweden. A new, untested EM conductor was identified 100 meters north of the existing massive sulphide deposit, indicating potential for further exploration. The survey outlined three conductors and will guide a targeted drilling program in 2022, building on the successful 2021 drill campaign that revealed significant nickel mineralization. Gungnir aims to expand its nickel resources, currently totaling 177 million pounds.

Gungnir Resources held its Annual General Meeting (AGM) on December 22, 2021, in Surrey, BC, where shareholders approved all resolutions. Key decisions included setting the number of Directors at four, re-electing existing Directors, and appointing DeVisser Gray, LLP as auditors. The company re-approved a 10% rolling stock option plan and granted 4,000,000 options to Directors. Gungnir Resources focuses on mineral exploration in northern Sweden, with projects that include nickel and gold deposits. For more information, visit gungnirresources.com.

Gungnir Resources (ASWRF) announced final drill results from its Lappvattnet nickel deposit in Sweden. The 2021 drilling program successfully identified high-grade nickel mineralization, with significant intersections including 6.52% Ni over 0.8 meters and 2.04% Ni over 4.45 meters. Out of 15 holes drilled, 14 showed continuity of inferred resources, and 10 expanded mineralization outside the 2020 resource block. Ground EM geophysics is ongoing to guide future exploration. The company's nickel resources now total 177 million pounds.

Gungnir Resources Inc. (ASWRF) has announced promising drill results from its Lappvattnet nickel deposit in Sweden. Drill hole LAP21-13 showed significant nickel mineralization, with assays revealing grades of 1.14% Ni over 21 meters and a peak of 1.74% Ni over 10 meters. The ongoing 2021 drill program includes a total of 15 holes aiming to define the geometry of the mineralized zone. Total nickel resources from Lappvattnet and Rormyrberget stand at 177 million pounds, enhancing investor confidence in future resource upgrades.