01:12:05 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Renforth Resources Inc (2)
Symbol RFR
Shares Issued 340,736,118
Close 2025-06-24 C$ 0.01
Market Cap C$ 3,407,361
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Renforth appoints Demers as VP, exploration

2025-06-24 17:58 ET - News Release

Ms. Nicole Brewster reports

RENFORTH APPOINTS MARTIN DEMERS VP OF EXPLORATION AND COMPLETES FINAL CLOSING OF PRIVATE PLACEMENT

Martin Demers, PGeo (OGQ No. 770), has been appointed as Renforth Resources Inc.'s vice-president of exploration.

In addition to being responsible for the new geological interpretation of Parbec and overseeing the first holes drilled into Victoria which revealed the extent of polymetallic mineralization present, Mr. Demers's career has extended over 25 years, largely with various gold deposits and prospects within the Abitibi.

Mr. Demers's deep regional experience ranges from field operations up to the commencement of mining operations. Mr. Demers was part of the initial on-the-ground team that oversaw the exploration that preceded the reopening of the Casa Berardi mine in 2007 by Aurizon Mines, a mine still in operation under Hecla Quebec ownership. His vertically integrated skill set led Mr. Demers to become a primary point of contact with senior mining analysts and investment bankers. In 2013, Hecla Mines (United States) acquired Aurizon for $796-million.

"I am pleased to be able to formalize our working relationship with Mr. Demers as we resume our efforts at Parbec. Our planned stripping and bulk sampling at Parbec later this year will benefit from Mr. Demers's prior experience in asset development. In the meantime, our ongoing prospecting and general exploration at both Parbec and Victoria benefit from his expertise and continued contributions to our field team," stated Nicole Brewster, president and chief executive officer of Renforth.

Mr. Demers commented: "My nomination as VP of exploration follows several years of close collaboration and fruitful geological discussions with Ms. Brewster and the Renforth exploration team. We aim to take decisive steps in the development of Renforth's properties and to achieve success."

Renforth private placement

Renforth has completed the final closing of the previously announced common share and flow-through share unit financing with a total of $82,500 raised in this closing through the issuance of 8.25 million units, with each unit composed of a share and a warrant. There were no brokerage fees paid in connection with this closing, and Ms. Brewster subscribed for a total of one million units.

Martin Demers, PGeo, OGQ, independent qualified person pursuant to the guidelines in National Instrument 43-101, has reviewed and approved the geological information contained in this press release.

We seek Safe Harbor.

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