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Victory Battery Metals Corp. is a diversified investment corporation with mineral interests in North America. The company recently settled a debt of $463,025 by issuing 9,260,500 shares, improving its balance sheet. Victory Battery Metals Corp. focuses on battery metals and energy metals, with a strategic acquisition of the Kachiwiss Uranium Project in Quebec. The company's sale of the Tahlo Lake property reflects a renewed focus on high-potential projects for the benefit of its shareholders.
Victory Resources Corporation announced the initiation of a drilling program at its Smokey Lithium Property in Nevada. This program includes 15 drill holes aimed at exploring the potential relationship between Smokey and a high-grade lithium zone on the adjacent Jindalee property. The initial three holes will test the boundary margins near a fault line to validate Victory’s geological concept regarding buried lithium clays. The first drilling commenced following site preparations, with lab results expected in 4 to 6 weeks.
Victory Resources Corporation has mobilized its exploration team to the Smokey Lithium Property in Nevada, preparing for a drilling program focused on identifying potential lithium deposits. A total of 15 drill holes have been permitted, with initial plans to drill 3 holes to locate buried claystone beds. The region is noted for its high lithium concentrations, with Jindalee's adjacent property reporting up to 700 ppm Lithium. The drilling aims to confirm the depth and quality of deposits potentially preserved from erosion.
Victory Resources Corporation has received a drill permit for its Smokey Lithium property in Esmeralda County, Nevada. Following extensive exploration work, the company has identified significant drill targets to assess the relationship with a high lithium zone adjacent to the Jindalee property. The permit allows for the drilling of 15 holes, expanded from an initial 4, showcasing increased confidence in the site’s potential. The area is known for its lithium clay deposits, crucial for battery production, enhancing the company's strategic position in the lithium market.
Victory Resources Corporation has amended its drill permit for the Smokey Lithium property in Nevada, increasing the planned drilling from 4 to 15 holes. This expansion follows extensive exploration work that identified new drill targets related to a high lithium zone adjacent to the Jindalee property. The exploration team is prepared to start drilling once the permitting process is finalized. Additionally, the company launched an advertising campaign with Investing News Network to boost investor awareness, which costs CAD 22,000.
Victory Resources Corporation (CSE:VR)(OTC PINK:VRCFF) is expanding its drilling plans at the Smokey Lithium property in Nevada from 4 to 15 holes, following extensive exploration and analysis. The company will amend its existing drill permit application and anticipates starting the drilling in early winter, pending approvals. The expansion aims to explore potential relationships with lithium zones on adjacent properties. The Smokey Lithium project is strategically located within a prolific area for lithium clay deposits.
Victory Resources Corporation has successfully closed its non-brokered private placement, raising $1,093,995 by issuing 19,890,816 units, each composed of one common share and one common share purchase warrant. The warrants can be exercised at CDN $0.07 per share until November 4, 2023. Insiders bought 3.5% of the offering. Proceeds will be allocated for ongoing exploration, particularly at the Smokey Lithium Property in Nevada, and general working capital. Additionally, 2.7 million stock options were granted to directors and officers.
Victory Resources Corporation (OTC: VRCFF) has announced a non-brokered private placement to raise up to $1,000,000 by issuing up to 18,181,818 units at $0.055 each. Each unit comprises one common share and a warrant to purchase an additional share at CDN $0.07 for 24 months. Funds will support exploration on the Smokey Lithium Property in Nevada and general working capital. The offering includes finders’ fees and is subject to a four-month hold period.
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