Mr. Lawrence Hay reports
NEW EARTH RESOURCES APPLIES FOR ADDITIONAL STATE LEASE LANDS ADJACENT TO PAST-PRODUCING LUCKY BOY URANIUM PROJECT
New Earth Resources Corp. has submitted an application to the Arizona State Land Department for approximately 268 acres of additional state mineral lease land contiguous to its past-producing Lucky Boy uranium project. If approved, the additional acreage would nearly double the company's current land position within the Lucky Boy area.
The applied-for acreage is located directly adjacent to the company's existing project area and represents a strategic expansion of New Earth's land position within the broader Lucky Boy area. The company believes that securing additional state lease ground will strengthen its overall property position and support long-term planning for the project.
The additional 268 acres are intended to complement the company's current land package and provide greater strategic flexibility for future exploration activities. Consolidating adjacent ground can assist in potential development planning as the company continues to evaluate and advance the project area.
"The application for additional state lease ground represents a logical extension of our existing land position at Lucky Boy," said Lawrence Hay, chief executive officer of New Earth Resources. "The expanded acreage would significantly strengthen our footprint in the area and provide greater flexibility as we continue to evaluate the project's potential. We believe consolidating adjacent land is an important step in advancing the project in a disciplined and methodical manner."
The lease applications are subject to review and approval by the Arizona State Land Department in accordance with applicable regulations. There can be no assurance that the applications will be approved in whole or in part. The company will provide further updates as material information becomes available.
Other corporate developments
The company announces that in 2026 to date, the company has received aggregate gross proceeds of $749,750 through the issuance of an aggregate of 5,998,000 shares of the company pursuant to exercises of previously issued share purchase warrants. The proceeds from the warrant exercises are expected to be used for general working capital.
About New Earth Resources Corp.
New Earth Resources is a Canadian-based mineral exploration company acquiring and developing advanced and early-stage exploration projects. Its flagship project is its 100-per-cent-owned, past-producing Lucky Boy uranium property, located in Gila county, Arizona, United States. Consisting of 14 lode claims and spanning approximately 273 acres, the Lucky Boy project covers a small open pit and underground workings that produced uranium in the 1950s and again in the 1970s. In addition to Lucky Boy, included in the company's uranium portfolio are three claims located in Saskatchewan, Canada, covering 365 hectares.
The company also has the option to acquire a 100-per-cent interest in 23 claims covering approximately 1,102 hectares in the Strange Lake area of Quebec, Canada, known as the SL project, which is prospective for rare earth elements. In addition, the company has the option to acquire a 100-per-cent interest in the Red Wine rare earth project, comprising two non-contiguous mineral claims located in Labrador, Canada, covering approximately 1,575 hectares.
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