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MERYLLION RESOURCES CP - MYRLF STOCK NEWS

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Meryllion Resources Corporation (CSE: MYR) is a premier rare earth exploration company based in Vancouver, British Columbia. The company recently made an option exercise payment for rare earth exploration leases in Tasmania, highlighting its commitment to expanding its presence in the rare earth sector. Meryllion's flagship iREE project in north-east Tasmania has been granted permits for exploration drilling, with significant potential for economic rare earth magnet metals. The company's focus on ionic adsorption clay (IAC) deposits sets it apart from traditional rare earth mining methods, offering rapid development and lower production costs.

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Meryllion Resources has announced the granting of exploration permits for its maiden drilling program targeting neodymium-rich ionic rare earth clays in north-east Tasmania. The permits are for the EL20/2022 area, where three preliminary exploration drilling locations have been identified. Field reconnaissance by Meryllion's geologists yielded promising results, with neodymium concentrations reaching up to 533ppm. The company has secured a specialized drilling team and plans to commence the drilling campaign post-winter season. The project is strategically located near known ionic rare earth resources, promising lower-cost, rapid development due to the shallow depth and simpler extraction process of ionic adsorption clay deposits.

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Meryllion Resources has announced a CAD$50,000 loan from Croesus Mining, a company controlled by director David Steinepreis. This unsecured, interest-free loan is due by May 14, 2025. The transaction is a related party deal under MI 61-101 but exempt from valuation and minority shareholder approval requirements due to the company's market capitalization. The agreement received approval from all independent directors. For more details, contact CEO Richard Revelins or Investor Relations.

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Meryllion Resources (MYRLF) closed a shares-for-debt transaction with its CFO, issuing 200,000 common shares at $0.05 per share to settle $10,000 of accrued salary. The shares are subject to a hold period of four months and one day. The transaction is considered a related party transaction under MI 61-101, with exemptions from valuation and minority shareholder approval requirements. For more information, contact Mr. Richard Revelins, the CEO.
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Meryllion Resources Corporation (MYRLF) cancels 2,290,000 stock options, plans shares-for-debt transaction. The cancelled options ranged from $0.105 to $0.115 exercise prices. The debt settlement with CFO involves issuing 200,000 common shares at $0.05 per Share. The Shares will be subject to a hold period of four months and one day. The Company expects to rely on exemptions for related party transactions. Contact Mr. Richard Revelins for further information.
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Meryllion Resources Corporation (CSE: MYR) has exercised the option payment for rare earth exploration leases in Tasmania, issuing 4,186,046 common shares at a deemed price of CAD$0.043 per share, totaling CAD$180,000 (AUD$200,000). The shares are subject to a hold period of four months and one day. Contact information for further inquiries is provided.
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Meryllion Resources Corporation (CSE: MYR) has announced the release of an NI 43-101 compliant technical report in respect of the Ionic Adsorption Clay hosted rare earths project in Tasmania. The report concludes that the geological setting of the licenses is favorable for the formation of iREE mineralization similar to those that contribute to the majority of the world's REE in southern China. Meryllion CEO, Richard Revelins, stated that the independent expert has reached a similar conclusion to their exploration team, and the Company believes these types of deposits will rapidly gain attention as companies begin to better understand and develop geological models.
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Meryllion Resources Corporation announces its intention to exercise its option to acquire rare earth exploration leases in Tasmania from Tasmania Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. The company will make an initial payment of AUD$200,000 through the issuance of 4,186,046 common shares. CEO Richard Revelins expresses optimism about the project and the partners' decision to take their option consideration in the form of shares. The company plans to earn a 50% interest in the project by spending a minimum of AUD$300,000 and committing to additional project expenditures within a specified timeframe. Meryllion also has the right to acquire additional interests in the project, up to a maximum of 80%, through funding additional project expenditures and making cash and common shares payments to TSGM/Westbury. All common shares issued pursuant to the option shall be subject to a hold period of four months and one day from the date of issuance.
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Meryllion Resources Corporation (CSE: MYR) closed a non-brokered private placement, issuing 8,011,625 units at $0.04 per unit, generating $320,465 in gross proceeds. Insiders participated in the placement, with certain individuals increasing their ownership. The Private Placement is subject to CSE acceptance and a hold period of four months and one day.
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Meryllion Resources Corporation (CSE: MYR) (OTC PINK: MYRLF) announces an amendment to its non-brokered private placement financing, offering up to 14,900,000 units at $0.04 per unit for gross proceeds of up to $596,000. The proceeds will be used for the exercise of the Company's option in respect to Tasmanian Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. and to commence exploration activities.
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Meryllion Resources Corporation (CSE: MYR) Announces Non-Brokered Private Placement Financing of Up to $1,192,000 for Rare Earth Elements Exploration. The financing involves the issuance of 29,800,000 common shares at $0.04 per share, with proceeds to be used for the exercise of the Company's option in respect to Tasmanian Strategic Green Metals Pty Ltd. and Westbury Resources Pty Ltd. and to commence exploration activities for rare earth elements in northeastern Tasmania, Australia.
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FAQ

What is the market cap of MERYLLION RESOURCES CP (MYRLF)?

The market cap of MERYLLION RESOURCES CP (MYRLF) is approximately 845.7K.

Where is Meryllion Resources Corporation headquartered?

Meryllion Resources Corporation is based in Vancouver, British Columbia.

What is the flagship project of Meryllion Resources Corporation?

Meryllion's flagship project is the iREE project in north-east Tasmania, focused on exploring ionic adsorption clay deposits for rare earth metals.

What sets Meryllion Resources Corporation apart from traditional rare earth mining methods?

Meryllion's focus on ionic adsorption clay (IAC) deposits offers rapid development and lower production costs compared to traditional hard-rock mining.

Who is the Technical Advisor for Meryllion Resources Corporation?

Ian E Neilson, a qualified person under National Instrument 43-101, serves as the Technical Advisor for Meryllion Resources Corporation.
MERYLLION RESOURCES CP

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845.74k
28.23M
33.24%
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