LANCASTER RES INC - LANRF STOCK NEWS

Lancaster Resources Inc. announces a plan of arrangement with its subsidiary Nelson Lake Copper Corp. to spin off the majority of its holdings in Nelson Lake by issuing a stock dividend of Nelson Lake common shares to Lancaster shareholders at a ratio of 0.02 Nelson Lake Shares for every Lancaster share owned. The Spin-Off is subject to the approval of Lancaster shareholders at an annual general and special meeting on March 15, 2024, and will also require the approval of the British Columbia Supreme Court. The company is also making significant progress in identifying optimal drilling locations for the Alkali Flat Lithium Brine Project and expects to complete its first exploratory well in spring 2024. The Spin-Off aims to enhance shareholder value by offering stakes in two potentially growing sectors, allowing shareholders to benefit from successes and value appreciation in both companies.

Lancaster Resources Inc. announces a Spin-Off Agreement with its subsidiary, Nelson Lake Copper Corp., to issue a stock dividend of Nelson Lake common shares to Lancaster shareholders at a ratio of 0.02 Nelson Lake Shares for every Lancaster share owned. The Spin-Off will be subject to the approval of Lancaster shareholders at an annual general and special meeting of shareholders on March 15, 2023, and will require the approval of the British Columbia Supreme Court. Following the Spin-Off, Nelson Lake will seek to raise financing and look for potential merger or acquisition targets to strengthen its business and potentially seek a listing on a stock exchange. The Alkali Flat Lithium Brine Project, Lancaster's main focus, has made significant progress in identifying optimal drilling locations, with the first test results on lithium brine concentration expected to be available in early April 2024.

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) announces a Spin-Off Agreement with its subsidiary Nelson Lake Copper Corp. to spin off a majority of its interest in Nelson Lake Copper to Lancaster Resources shareholders. The Nelson Lake Copper property in Saskatchewan, Canada targets sedimentary hosted copper in the Wollaston Domain copperbelt, offering a unique copper exploration opportunity. Shareholders of Lancaster as of January 9, 2024, will receive shares in Nelson Lake Copper Corp. in addition to shares held in Lancaster Resources.

Lancaster Resources Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) is pleased to announce the successful completion of a pivotal regulatory site visit at its Alkali Flat Lithium Brine Project in New Mexico. The visit, conducted on November 14, included key staff from the Bureau of Land Management (BLM) and the Energy, Minerals and Natural Resources Department (EMNRD). The comprehensive review focused on access routes, site conditions, local vegetation, and discussions regarding the planned drilling activities, access requirements, and the full claim area geophysical work at the site. Lancaster Resources is committed to minimizing environmental impact and is actively working with regulatory agencies to establish proper reclamation requirements. Continued engagement with stakeholders and agencies is a priority for the company, marking a significant milestone in the project's development with a focus on environmental stewardship and community collaboration.

Lancaster Resources Inc. has received administrative approval for its maiden drill program at the Alkali Flat Project in New Mexico. The New Mexico Mining and Minerals Division has declared Lancaster's Minimal Impact Exploration Permit Application for its Phase 1 Exploration Drilling to be complete. The proposed exploration plan includes three drill holes and associated pads over a disturbed area of less than two acres. The project now moves to the technical review phase, with a site visit scheduled for mid-November 2023.

Lancaster Resources Inc. provides an update on their exploration activities and upcoming milestones for the Alkali Flat Lithium Brine Project in New Mexico. Key highlights include successful geophysics and geology studies, selection of drilling locations, regulatory applications submitted, and collaborations with various advisors and companies. The company aims to commence drilling operations in February 2024 and expects sample analysis results and DLE technology trials in Q2 2024.

Lancaster Resources Inc. announces approval for trading on the OTCQB Venture Market in the U.S.

Lancaster Resources Inc. has submitted applications to drill up to three wells on its Alkali Flat Lithium Brine Project in New Mexico. The targets were identified through a successful MT Geophysics program, showing clear opportunities for aquifers with concentrated lithium brine. Assay results from the drilling program are expected shortly after completion. The program aims to minimize environmental impact and protect freshwater sources.

Lancaster Resources announces positive results from its MT geophysics program at Alkali Flat Lithium Project in New Mexico. Multiple high priority drill locations believed to host lithium-rich aquifers have been identified. Plans for Phase 1 Drilling program in late 2023 and follow-up geophysics program in 2024. Co-production opportunities with geothermal power being reviewed. Adjacent to Arizona Lithium's Lordsburg Brine Project.