LANCASTER RES INC - LANRF STOCK NEWS

Lancaster Resources has appointed Miguel Paucar to its Advisory Board. Paucar brings 28 years of experience in mining operations across gold, diamonds, copper, base metals, and lithium. He has worked in various regions including South Africa, Australia, Chile, Mexico, Peru, and Brazil. Notably, Paucar was the Mining Director at Sigma Lithium, where he advanced lithium extraction technologies and sustainability practices, including the use of 100% renewable energy and recycled water.

Paucar's strategic insight is expected to enhance Lancaster's operational efficiencies and environmental compliance. His appointment aligns with Lancaster's commitment to sustainable mining and the development of its Alkali Flat Lithium Brine project in New Mexico.

Lancaster Resources announces the appointment of Paola Rojas to its Advisory Board, bringing expertise in metals, energy, and technology investments. Paola, with experience managing over USD $80 million in mergers, acquisitions, and capital raising, will provide strategic insights to support the company's growth. As a principal at Synergy Resource Capital, she has led successful initiatives in lithium, copper, and precious metals. Her background includes cross-border deal design, financial analysis, and investor relations. CEO Penny White and Paola express excitement about this partnership, emphasizing its alignment with Lancaster's strategic goals in lithium and gold sectors.

Lancaster Resources has announced the addition of three seasoned professionals to its advisory board: Greg Foofat, Patrick Laperrière, and Jay Swartzentruber.

Foofat brings over 20 years of experience in investor relations and capital markets, having contributed to transactions exceeding $24 billion in mergers and acquisitions and $5 billion in equity and debt financing.

Laperrière has over 25 years of expertise in capital markets, notably managing mining portfolios for Canada's largest pension funds and leading significant equity raises.

Swartzentruber, with 30 years of experience in commercial building and development, aims to produce lithium and gold at low costs through sustainable practices.

CEO Penny White emphasized that the strategic insights from these advisors will be important for Lancaster's growth and strategic planning.

Lancaster Resources has received approval from the U.S. Bureau of Land Management (BLM) for its Alkali Flat Lithium Brine Phase 1 drill program. This follows an earlier permit approval by the New Mexico Mining and Minerals Division on April 30, 2024. The BLM approval includes the potential for drilling up to three wells, with the maiden well expected in Q2 2024.

The Plan of Operations was submitted in September 2023 and includes provisions for access, safety, and environmental protection. Lancaster must submit a financial assurance of $63,783 to the BLM and MMD before drilling. The Alkali Flat Lithium Project targets a closed-basin brine deposit, strategically located near major transport routes and 8 miles north of the Lightning Dock Known Geothermal Resource Area. This project aims to tap into a significant lithium resource, which is critical for the energy transition.

Lancaster Resources Inc. appoints Vincent Chen, CPA, as an independent director to its Board of Directors, bringing expertise in accounting and corporate development within the mining sector. Vincent's background includes roles at PricewaterhouseCoopers, Yamana Gold Inc., and Forbes & Manhattan. His appointment aims to bolster the company's leadership and strategic capabilities in the mining industry.

Lancaster Resources Inc. has received approval for the Alkali Flat Lithium Brine Phase 1 drill program from the New Mexico Mining and Minerals Division. The approval marks a significant milestone for the company's responsible exploration efforts. The project aims to validate the potential lithium brine deposit in the subsurface aquifers at Alkali Flat, with promising geochemical sampling results and high-priority drill locations identified.

Lancaster Resources Inc. acquires the Piney Lake Gold Property, expanding its mineral exploration portfolio. The property is strategically located near other gold claims, with easy access via provincial highways.

Lancaster Resources Inc. acquires two high-impact mineral claims in the Athabasca Basin, targeting high-grade uranium deposits. The properties, Catley Lake and Centennial East, provide significant exploration opportunities in a world-class deposit area. Lancaster aims to leverage modern technologies to identify potential uranium concentrations. The company also provides an update on its Alkali Flat Lithium Brine Project in New Mexico, planning a maiden drilling program after identifying drilling targets for lithium-rich aquifers.

Lancaster Resources Inc. announces the Supreme Court of British Columbia granting an interim order for the proposed spin-off of Nelson Lake Copper Corp. The Meeting to approve the Arrangement is set for March 15, 2024.