Supreme Critical Metals Inc. Stock Price, News & Analysis

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.

Victory Resources Corporation has filed a drill permit application for its Smokey Lithium property in Esmeralda County, Nevada. Extensive summer exploration identified drill targets, with plans for four initial holes, expandable to fifteen. Surface sampling returned lithium values up to 630 ppm, although some results were qualitative due to conditions. The property is located in a prolific lithium area, approximately 20 miles from known projects. The drilling is expected to commence in late fall or early winter, pending permit approvals.

Victory Resources Corporation (CSE:VR)(FSE:VR61)(OTC PINK:VRCFF) reported a strategic focus on lithium exploration in Nevada, specifically at its Smokey Lithium property. With lithium prices reaching three-year highs due to increased demand for electric vehicles, the company is well-positioned for future advancements. The Smokey property is located in a prolific lithium region, and surface sampling indicates potential high lithium concentrations. CEO Mark Ireton emphasized the company’s commitment to lithium exploration amidst the EV revolution.

Victory Resources Corporation has extended the expiry date of 886,667 previously issued warrants by two years, now set to expire on November 12, 2023. Initially issued on November 12, 2019, these warrants allow holders to purchase common shares at an unchanged price of $0.50. This move aims to enhance the company's financial flexibility while maintaining existing terms for investors.

Victory Resources Corporation has staked 8 additional claims while re-evaluating its Loner Property in Nevada, suggesting a larger mineral system than initially believed. After extensive mapping and sampling, grab samples over 1000 ppm silver were identified 1 km north of the drill program. The drill program assessed mineralization in the area, showing anomalous gold and high arsenic levels. Results from assays are expected within a month, indicating a potential expansion of the known resources along with ongoing exploration efforts.

Victory Resources Corporation is expediting a drill permit application for its Smokey Lithium project in Nevada, based on recent geological sampling showing lithium concentrations up to 1500 ppm. The property is strategically located near the prolific Albermarle's Silver Peak Mine, enhancing its potential. Exploration efforts are gearing towards drilling in late summer to early fall, contingent on permit approvals. The exploration team's findings reveal a significant area with high lithium values, signaling a promising development for the company.

Victory Resources Corporation has announced promising results from its sampling program at the Smokey Lithium property in Nevada, revealing lithium values up to 1500 ppm. Significant areas showed high concentrations, particularly in the southwest, where an anomalous zone spans approximately 1.5 km. The exploration team utilized advanced Laser Induced Breakdown Spectroscopy for analysis, with samples sent for verification. The Smokey Lithium project is strategically located near other active lithium properties, enhancing its potential.