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NEWPATH RES INC - RDYFF STOCK NEWS

Welcome to our dedicated page for NEWPATH RES news (Ticker: RDYFF), a resource for investors and traders seeking the latest updates and insights on NEWPATH RES stock.

Newpath Resources Inc. (RDYFF) is a Canadian exploration company engaged in critical metal exploration projects in Northern Ontario. The company has made significant progress in its lithium exploration program on the Alpha/Bravo Project, identifying highly fractionated pegmatites indicating potential lithium-rich mineralization. Newpath's focus on lithium-cesium-tantalum (LCT) pegmatites is supported by positive geochemical results from whole rock samples and Laser Induced Breakdown Spectroscopy (LIBS) analyses of lithium indicator minerals. The company's recent receipt of an Ontario Junior Exploration Program grant further highlights its commitment to advancing exploration efforts. Newpath aims to continue exploring target areas to uncover potential spodumene bearing pegmatites, contributing to Ontario's critical mineral supply chain.

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Newpath Resources (CSE: PATH, OTC: RDYFF) has entered into a Letter of Intent (LOI) with Great Eagle Gold Corp. for the sale of its Northshore Gold Project in Ontario. The total purchase price is set at CDN$1,000,000, structured as $10,000 for due diligence, $90,000 upon definitive agreement execution, and $900,000 within the first anniversary.

The deal includes a purchase price adjustment mechanism based on gold price changes and a 1.5% NSR royalty for Newpath. Great Eagle plans to tokenize the gold resource through NatGold Digital 's digital asset platform. The proceeds will be used to address Newpath's convertible debt, which is currently in default conditions. The company will initiate debt holder discussions by mid-February.

The Northshore Gold Project consists of patented claims covering 210 hectares in Priske Township, located 4 km south of Schreiber, Ontario.

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Newpath Resources (CSE: PATH, OTC: RDYFF) has announced its annual general meeting scheduled for January 10, 2025, at 10:00 a.m. (PST) in Vancouver. Due to the Canada Post strike, meeting materials are available online via SEDAR+ and the company's website. Shareholders can vote through Odyssey Trust Company's online platform by January 8, 2025.

The company also announced strategic changes to its Orefield property, reducing the Alpha/Bravo Claim Group to focus on approximately 458 square kilometers in the southern areas, which contain high-priority LCT pegmatite targets including the Hilltop Target Area. Additionally, Newpath will allow the Charlie claim group of 112 claims to lapse.

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Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC PINK: RDYFF) announces mobilization of a prospecting field crew to its Alpha/Bravo Project on October 7, 2024. The company will focus on priority target areas identified during the 2023 exploration program, which yielded results consistent with fertile granites, beryl type and spodumene subtype pegmatites. Key highlights include:

- Identification of three new target areas with peraluminous, potentially fertile granite occurrences
- Positive indicators from geochemical analyses and LIBS scans of lithium indicator minerals
- Strategic location between Thunder Bay and Nipigon, Ontario with road accessibility

Additionally, Newpath has extended the expiry date of 1,002,500 outstanding warrants by one year to October 6, 2025. The company also acknowledges its commitment to fostering relationships with Indigenous communities in the project area.

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Newpath Resources Inc. provides an update on drill results from Metal Energy Corp.'s Source Rock Lithium Brine Project. Historic drilling reveals evidence of evaporite bedforms and lithium anomalies. The Alpha/Bravo Project shows potential for lithium and uranium exploration in Ontario. Newpath's exploration covers a significant brine field, with attention to uranium amidst rising spot prices.
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Newpath Resources Inc. provides an update on the preliminary analyses of the Alpha/Bravo Project, revealing promising trace element and whole rock analyses. The company has identified four target areas for follow-up exploration in 2024 based on positive geochemical results. The preliminary review of the analytical results has refined and prioritized additional target areas that will be pursued in 2024. Newpath's field consultants implemented industry standard sampling, analytical, and QA/QC protocols during the collection of all rock samples collected during the 2023 exploration campaign from the Alpha/Bravo Project.
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Newpath Resources Inc. has been selected to receive a $200,000 Ontario Junior Exploration Program grant to support its exploration efforts on its Alpha/Bravo Project. The grant aims to facilitate the exploration of critical minerals within Ontario, covering 50% of eligible exploration costs. The CEO acknowledges the government's support, highlighting the significance of the grant funding for advancing the exploration of the Project.
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Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) has acquired a 100% interest in 973 unpatented mineral claims over approximately 206 square kilometers in northwestern Ontario. The acquisition was made in consideration for 1,500,000 common shares and the payment of all staking costs related to the acquisition of the Property. The Property is also subject to a Royalty Agreement, with the Optionor retaining a 2% net smelter returns royalty. Newpath Resources Inc. is committed to fostering lasting, transparent, trust-based relationships with the Indigenous communities where they operate, acknowledging the traditional territories of many Nations and recognizing the accountability and commitment owed to these communities.
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Newpath Resources Inc. (CSE: PATH) (FSE: 0MZ) (OTC Pink: RDYFF) provided an update on its lithium exploration program on the Alpha/Bravo Project in northern Ontario. The company's early stage exploration program has identified an area of highly fractionated pegmatite dyking containing key critical element indicator minerals, including coarse grained muscovite that a Laser Induced Breakdown Spectroscopy ('LIBS') handheld scanner has identified contains significant concentrations of lithium. The company aims to continue to follow the geochemical trends that are leading them to a more evolved, lithium-rich part of the pegmatite system, with the ultimate hope of finding the first spodumene bearing pegmatite on the project.
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Newpath Resources Inc. successfully mobilized its first field crew to the Alpha/Bravo Project for preliminary geological reconnaissance. The project covers an area of 63,118 Ha and has identified pegmatite occurrences and anomalous lithium and cesium in lake sediment samples. Additional field crews will be deployed for prospecting and sampling. The CEO is enthusiastic about the prospect of discovering the source of the anomalous lithium. The company has compiled historical data and acquired high-resolution satellite imagery for mapping. The project is situated in a favorable geological and structural setting and is comparable to the Georgia Lake pegmatite field. The CEO also commented on the presence of advanced PGM projects in the area. The Director of the company has resigned. The company acknowledges and respects the Indigenous communities where they operate.
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Newpath Resources Inc. announces the staking of 24 new claim units in Ontario, increasing the project's footprint to over 63,600 hectares. The new claims highlight the possibilities for other critical metals. Field work is expected to begin in July 2023.
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FAQ

What is the current stock price of NEWPATH RES (RDYFF)?

The current stock price of NEWPATH RES (RDYFF) is $0.0205 as of December 13, 2024.

What is the market cap of NEWPATH RES (RDYFF)?

The market cap of NEWPATH RES (RDYFF) is approximately 488.1K.

What is Newpath Resources Inc. focused on?

Newpath is engaged in critical metal exploration projects, with a focus on lithium exploration in Northern Ontario.

What recent achievements has Newpath Resources Inc. made?

The company has identified highly fractionated pegmatites with potential lithium-rich mineralization on the Alpha/Bravo Project.

What type of pegmatites is Newpath targeting?

Newpath is focusing on lithium-cesium-tantalum (LCT) pegmatites for exploration.

How is Newpath utilizing geochemical analyses in its exploration work?

The company is using positive geochemical results from whole rock samples and LIBS analyses of lithium indicator minerals to guide exploration efforts.

What recent funding has Newpath received?

Newpath recently received a $200,000 Ontario Junior Exploration Program grant to support its exploration activities on the Alpha/Bravo Project.

What are the future plans of Newpath Resources Inc.?

Newpath aims to continue exploring target areas, potentially uncovering spodumene-bearing pegmatites and contributing to Ontario's critical mineral supply chain.
NEWPATH RES INC

OTC:RDYFF

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488.06k
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