Ascendant Resources Inc.

Ascendant Resources is pleased to announce that on October 28, 2021 it has signed with the Portuguese Government, through the General Directorate for Energy and Geology , the definitive mining concession contract for its Lagoa Salgada VMS project in the prolific Iberian Pyrite Belt, Portugal. A summary of the main legal and contractual obligations of the Contract are highlighted below. An initial contract term for 20 [...]

Ascendant Resources Inc. is pleased to announce that it has closed its previously disclosed non-brokered private placement for aggregate gross proceeds of approximately C$3.16 million . The Offering consisted of the issuance of 13,149,665 units of the Company at a price of C$0.24 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant , with each Warrant [...]

Ascendant Resources announces the filing on SEDAR of the new NI 43-101 Preliminary Economic Assessment entitled "NI 43-101 Technical Report and PEA for the Lagoa Salgada Project". The report was completed by Quadrante and Igan Ingenier?a. The report was prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects. A summary of the results is [...]

Ascendant Resources Inc. is pleased to announce that Clinton Swemmer, has joined as Vice President of Technical Services. Mr. Swemmer will contribute to facilitating the development of the Lagoa Salgada VMS project as it progresses into Feasibility stage. Mr. Swemmer is a senior project delivery professional whose career spans over 20 years working on various development stage projects. Prior to joining Ascendant, Mr [...]

Ascendant Resources Inc. is pleased to announce a non-brokered private placement for aggregate gross proceeds of approximately C$2 million . The Company intends to issue approximately 8.33 million units of the Company at a price of C$0.24 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant , with each Warrant exercisable to acquire one Common Share at a [...]

Low capital intensive project with pre production capital cost of $132 million and a post tax payback of 1.5 years Post tax NPV8% of $246 Million and Post tax IRR of 55%; Average EBITDA of approximately US$117 million and Post Tax Free Cash Flow of approximately US$82 million per annum for the first 5 years; Initial Operating Mine Life of 14 years with average throughput of 2.0 million tpa from the North and South Zones [...]

Ascendant Resources Inc. is pleased to announce results from its Phase 2 metallurgical test work program, conducted by Grinding Solutions Limited , a UK mineral processing services company with strong technical knowledge of mineral processing of IPB ores and has been guided by Micon International, who was responsible for the metallurgical results validation on material from both the massive sulphide and stockwork ores [...]

Ascendant Resources Inc. is pleased to announce the voting results of the Company's 2021 Annual Shareholder's Meeting held on August 5, 2021, in Toronto, Ontario. A total of 9,735,012 common shares were voted at the Meeting, representing 10.13% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows [...]

Argus Research, an independent investment research firm, has launched Equity Report coverage on Ascendant Resources Inc. . Click here to view Full Argus Equity Report. Excerpts & Highlights from the Report as conveyed by Argus Analyst Steve Silver, follow: BUSINESS DESCRIPTION: Based in Toronto, Ascendant Resources is focused on the exploration and development of the Lagoa Salgada VMS project located on the Iberian Pyrite [...]

Ascendant Resources Inc. is pleased to announce an updated Mineral Resources Estimate at the Venda Nova deposit at its Lagoa Salgada VMS project in Portugal, incorporating the results from a recently completed three-hole drill program. The new resource will be used for the current Preliminary Economic Assessment that is currently underway. The recent three-hole program continued the exploration success at the Venda Nova [...]