Welcome to our dedicated page for Ascendant Res news (Ticker: ASDRF), a resource for investors and traders seeking the latest updates and insights on Ascendant Res stock.
Ascendant Resources Inc. (ASDRF) delivers innovative mineral exploration through its flagship Lagoa Salgada project in Portugal's Iberian Pyrite Belt. This news hub provides investors with essential updates on operational milestones, metallurgical advancements, and strategic initiatives shaping the company's growth.
Access authoritative coverage of ASDRF's progress in polymetallic resource development, including:
• Project updates from ongoing exploration activities
• Technical breakthroughs in ore recovery optimization
• Strategic partnership announcements with research institutions
• Regulatory developments affecting project timelines
Our curated news collection enables informed analysis of ASDRF's integration of AI-driven exploration methods and sustainable mining practices. Bookmark this page for reliable updates on the company's efforts to enhance resource characterization through hyperspectral imaging and advanced geophysical techniques.
Ascendant Resources Inc. (TSX:ASND, OTCQB:ASDRF) has announced a partnership with the University of Évora, Portugal, to integrate Artificial Intelligence (AI) and machine learning into mineral exploration at the Lagoa Salgada Project. The collaboration, part of the HYPERMETAL project, aims to revolutionize polymetallic mineral exploration by combining hyperspectral technology with traditional methods. The project will be funded through an application to the Portugal 2030 program, with results expected by November 2024.
Additionally, Ascendant has granted an extension to EDM (Portuguese State Mining Development Agency) for its option to acquire up to a 15% interest in the Lagoa Salgada Project. The deadline is now set to 120 days after the issuance of the Environmental Impact Statement and completion of the project's feasibility study optimization.
Ascendant Resources (TSX:ASND, OTCQX:ASDRF) has submitted the final stage of its Environmental Impact Assessment (EIA) for the Lagoa Salgada project in Portugal. Key points include:
1. The submission responds to additional information requested by APA, the Portuguese environmental agency.
2. A 90-working day review period has resumed.
3. A 'declaration of conformity' is expected within 20 working days.
4. Public consultation and APA Evaluation Committee review will follow.
5. The project will then enter the RECAPE phase, expected to take 60 working days.
6. EIA approval could allow for construction to begin in Q4 2024.
Ascendant Resources announced a Protocol of Cooperation with the Faculty of Sciences of the University of Lisbon.
This agreement, made through its subsidiary Redcorp, aims to facilitate joint projects focusing on education, training, research on environment and natural resources, and innovation.
The collaboration seeks to bridge academic research and the business community, highlighting a mutual commitment to advancing these fields.
Executive Chairman Mark Brennan emphasized the importance of engaging with local communities and professionals, predicting numerous benefits for both the community and Portugal.
Ascendant Resources has appointed McGovern Hurley LLP as its new auditor, effective immediately. This decision follows a mutual agreement between Ascendant and KPMG LLP, with KPMG LLP resigning from their role. The new auditor will serve until the next shareholders' meeting. Ascendant Resources trades under the symbols TSX:ASND, OTCQB:ASDRF, and FRA:2D9.
Ascendant Resources reported the outcomes of its Annual General Shareholders' Meeting held on June 13, 2024, in Toronto. Voting results covered several governance matters.
A total of 51,497,589 common shares, representing 27.59% of all outstanding shares, were voted. The resolution to set the number of directors at six was approved with 99.46% in favor. All seven director nominees were elected, each receiving over 99% of the vote.
KPMG LLP was reappointed as the auditor, with 99.57% of votes in favor. Notably, Stephen Shefsky, co-founder and Lead Director, did not stand for re-election.
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