Comet Lithium Corp.

X-Terra Resources announces that its Board of Directors granted stock options in respect of an aggregate of 2,200,000 common shares to X-Terra's Directors, Officers and four consultants. The exercise price of the options is $0.15 per share, which is higher than the closing price of X-Terra's common shares on the TSX Venture Exchange on Thursday July 9, 2020. The options vest immediately and will expire in ten years. The [...]

X-Terra Resources is pleased to announce it has completed the first geological reconnaissance and prospecting campaign on its Troilus East property located on the Frotet-Evans greenstone belt in James Bay. X-Terra's wholly-owned Troilus East property is located adjacent to Troilus Gold, Urban Gold and Kenorland Minerals ground. The area has seen a significant amount of exploration which has focused on the gold potential [...]

X-Terra Resources is pleased to announce the commencement of its 2020 exploration program on its wholly-owned Troilus East property on the underexplored Frotet-Evans greenstone belt in northern Québec. X-Terra's Troilus East property is located adjacent to Troilus Gold's Troilus Gold-Copper project, on which 6.4 million oz AuEq measured and indicated mineral resources were reported. With the recent increase in activity [...]

X-Terra Resources announces that on May 11, 2020, the Board of Directors has approved an amendment to the 2014 Stock Option Plan to increase the maximum number of common shares reserved for issuance under the Plan pursuant to the exercise of option from 3,573,170 to 6,216,710. The new limit represents approximately 9.9% of the current issued and outstanding number of common shares of X-Terra. The amendment of the Plan is [...]

X-Terra Resources Inc. is pleased to announce it has drilled a new gold bearing structure at the Grog target on the Grog Property located in Restigouche county, New Brunswick. The mineralization style continues to highlight strong characteristics of an epithermal system. Hole GRG-20-012 identified gold mineralization over a significant width with one interval of 0.41 g/t Au over 36 metres along the hole, which includes [...]

X-Terra Resources Inc. is pleased with the decision that the New Brunswick government has decided to place, effective immediately, all mineral claims under protection status, to ensure continuity of mineral claims during this time of extreme uncertainty. Michael Ferreira, President and Chief Executive Officer of X-Terra Resources states, "This is a bold step and demonstrates the outstanding leadership and support the [...]

X-Terra Resources is pleased to announce the closing of a non-brokered private placement in which it issued 3,000,000 units at a price of $0.08 per unit, for gross proceeds to X-Terra Resources of $240,000. Each of the 3,000,000 units comprises of one common share and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of X-Terra Resources at a price of $0.13 until [...]

X-Terra Resources Inc. is pleased to announce that its 2020 drill exploration program on the Grog and Northwest properties, located in Restigouche county, New Brunswick is now complete. A total of 1,904 metres over 16 holes has been drilled under this program. The program has exceeded X-Terra Resources' expectations, as all geological targets have revealed very encouraging visual indicators of significant alteration and [...]

X-Terra Resources Inc. is pleased to announce that its first two holes at the Northwest property, located in Restigouche county, New Brunswick, have returned gold values. The targets were designed to test a new hypothesis and not any existing high-grade showings previously discovered over the property, such as the Rim, Dome or the Bonanza showing. Target trench 26 hosted in greenshist sediments, highlighted gold values up [...]

X-Terra Resources Inc. announces it has uploaded a drill core presentation highlighting some of the holes drilled to date at the Grog and Northwest Properties located in Restigouche county, New Brunswick. A newer version will be uploaded for shareholders to review once all holes have been completed. Michael Ferreira, President and Chief Executive Officer states, "by making this drill core presentation available to all [...]