New Risk • Mar 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$881k free cash flow). Share price has been highly volatile over the past 3 months (42% average weekly change). Earnings have declined by 80% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.32m market cap, or US$926.5k). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.2m free cash flow). Earnings have declined by 83% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.97m market cap, or US$2.95m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Annuncio • Nov 29
Tearlach Resources Channel Samples Up to 4.04 % Li2o over 0.70 M on Georgina Properties Tearlach Resources Limited announced that have received the assay results from the channel samples cut on Riches Spodumene Pegmatite, Parks Lake, Georgina Properties, Northwestern Ontario. Fifteen channel samples were cut over 3 channels on the pegmatite as a follow-up on spodumene discovery. The assays confirm the high-grade lithium mineralization on the spodumene pegmatite and justify the upcoming drill program. Riches Pegmatite is open along strike of the peninsula and down dip. The north end of channel GS-CH-23-03 is coarse-grained spodumene covered by overburden and tree roots. A test pit dug by hand 7 m northeast of channel GS-CH-23-03 discovered more coarse-grained green spodumene beneath overburden. Mechanical stripping is required to fully expose the spodumene mineralization on Riches Pegmatite. Rare-element mineralization in the Parks Lake area extends along a 2.6 km strike length. This 2.6 km rare-element pegmatite zone has seven pegmatite dykes with beryl, Nb-Ta-oxides and muscovite books indicators suggesting that more spodumene pegmatites will be found. Riches Pegmatite on Georgina Properties has excellent infrastructure as it is: Located 23 km from the Trans Canada Highway #11 and a power line, Located 930 m from Camp 51 Roads and is accessible by road and boat. 250 km from year-round port on the Great Lakes and transportation hub in Thunder Bay. Tearlach Resources has submitted a drill permit application to the Ontario Ministry of Mines and expects approval in First Quarter 2024. Riches spodumene pegmatite has an exposed width of 12 m and length of 9 m with crystals up to 70 cm long. The spodumene pegmatite is hosted by coarse-grained biotite-muscovite granite. The pegmatite has 3 spodumene-rich zones: green spodumene zone, blue spodumene zone and inner core zone with abundant very coarse-grained green spodumene crystals. Tearlach submitted to Actlabs a total of 452 samples of which 437 were grab samples and 15 were channel samples. The grab samples were delivered by Tearlach geologists to Actlabs, Geraldton or Thunder Bay preparation labs. Samples were assayed by Actlabs, Ancaster analytical lab, which is an ISO 17025 accredited laboratory. The samples were digested using lithium metaborate/tetraborate fusion and assayed by ICP-OES and ICP-MS for whole rock major oxides and trace elements (i.e., 4Litho-Pegmatite Special package). Li2O % was digested using sodium peroxide fusion and assayed using ICP-OES. Actlabs inserted standards, blanks, pulp duplicates and prep duplicates into the sample stream. Tearlach inserted one lithium external standard and one blank into the sample stream for every 20 samples. The external standards are OREAS 147 and OREAS 148, and the external blank is quartz chips. All standards and blanks passed a Quality Control review. Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical information that formed the basis for the written disclosure in this news release. Dr. Selway is the VP of Exploration for Tearlach Resources and the Qualified Person as defined by National Instrument 43-101. Annuncio • Oct 29
Tearlach Resources Limited Receives Assays Confirming the Presence of Key Lithium Indicator Minerals (Li-Rich Muscovite, Beryl and Nb-Ta-Oxide Minerals) At Parks Lake on the Georgina Properties, Jellicoe, Northern Ontario Tearlach Resources Limited announced that it has received assays confirming the presence of key lithium indicator minerals (Li-rich muscovite, beryl and Nb-Ta-oxide minerals) at Parks Lake on the Georgina Properties, Jellicoe, northern Ontario. The Project is located 9 km east of Rock Tech Lithium's Georgia Lake property and is being explored for lithium mineralization hosted in spodumene pegmatites. Assay Highlights: 0.62 % Li2O, 5030 ppm Rb, 1880 ppm Cs and 122 ppm Ta in green muscovite pod sample 889653, Oxide Island; 10.43 % BeO, 904 ppm Cs and 0.22 % Li2O in pure pale green beryl sample 889539, Beryl Island; 3.31 % Ta2O5, 12.50 % Nb2O5 in pure black Nb-Ta-oxide mineral sample 889654, Oxide Island. These are up to 5 cm in diameter and are among the Nb-Ta-oxide mineral crystals in Ontario. The presence of Li-rich muscovite, beryl and Nb-Ta oxide minerals in rare-element pegmatites indicates that there is a strong potential for the pegmatites to contain spodumene. The 2.6 km strike length of rare-element mineralization is the focus of Tearlach's on-going field exploration program. Tearlach has identified a rare-element pegmatite zone. This zone is where all of the rare-element minerals and elements are concentrated on the property, i.e., beryl, Nb-Ta oxides, Li, Rb, Cs, Nb, Ta, and Be, which all increase with proximity to the spodumene. Tearlach's next steps to find spodumene are to focus the prospecting on the rare-element pegmatite zone to look for the spodumene. The Georgina Properties are 12 km x 26 km in size, and identification of the rare-element pegmatite zone has narrowed down the search considerably. Annuncio • Oct 19
Tearlach Resources Limited Discovers Spodumene on Georgina Properties Tearlach Resources Limited announced the discovery of spodumene, the main ore for lithium, on its Georgina Properties in northern Ontario. The spodumene-bearing pegmatite, which have named "Riches Pegmatite," is the first to be discovered on the property and provides the Company with a clear path and defined targets for ongoing work in the area. Highlights: Green spodumene crystals up to 20 cm wide and 30 cm long were discovered in pegmatite, on Parks Lake peninsula. The current width of the exposed area of the spodumene pegmatite is 12 m. Abundant blue spodumene crystals were also discovered in the pegmatite. The concentration of spodumene in the pegmatite ranges from 5% to 50% locally, with an average of 15-20% spodumene. Alan was accompanied by Kyle Henderson, Kevin Tran and Richard Kindla during the discovery and Tearlach thanks each of them for their efforts. Coarse-grained muscovite books have been identified in seven other locations within the rare-element pegmatite zone. There is a potential that these other seven locations of muscovite books also relate to spodumene pegmatites; however, stripping is required to determine if each of these locations also contains spodumene. Tearlach's geology team will cut channel samples of Riches pegmatite and conduct a Trimble GPS survey with real-time satellite CenterPoint correction and +- 2 cm accuracy in the horizontal to prepare for a winter drill program on the pegmatite. Coarse-grained Muscovite books border zone of Riches spodumene pegmatitite, Parks Lake peninsula. Georgina Properties. Location AR-23-348. All standards and blanks passed a Quality Control review. Qualified Person:Julie Selway, Ph.D., P.Geo. supervised the preparation of the scientific and technical information that formed the basis for the written disclosure in this news release. Dr. Selway is the VP of Exploration for Tearlach Resources and the Qualified Person ("QP") as defined by National Instrument 43-101. Annuncio • Oct 11
Tearlach Resources Limited Discovers Beryl and Nb-Ta-Oxide Pegmatites on Georgina Properties Tearlach Resources Limited announced that it has discovered key lithium mineralization indicator minerals (i.e., beryl and Nb-Ta-oxide minerals) in pegmatites on the Georgina Properties, Jellicoe, northern Ontario, during the 2023 summer exploration program. The Project is located 9 km east of Rock Tech Lithium’s Georgia Lake Project and is being explored for lithium mineralization hosted in spodumene pegmatites. This is the first time that beryl and Nb-Ta-oxides have been identified on the Project area. Highlights: Sampling on newly staked claims on Parks Lake has identified rare-element pegmatites with beryl, Nb-Ta-oxides and garnet; Discovered up 5 cm beryl on Parks Lake, sample 889509; Discovered Nb-Ta-oxide minerals 5 cm in diameter on Parks Lake, sample 889654; Assays indicate anomalous Be, Rb, Cs, Nb, Ta and Sn contents in pegmatites on the Property; Tearlach’s geology team will target areas along strike of the rare-element pegmatite outcrops as the presence of beryl and Nb-Ta-oxides are typically associated with lithium mineralization. Georgina Properties: Two exploration targets that host rare-element mineralization with anomalous Be, Rb, Cs, Nb, Sn and Ta contents have been identified on the Georgina Properties. Both exploration targets have the potential to host lithium mineralization in the form of spodumene. These exploration targets are Iris Lake and Parks Lake. Iris Lake Exploration Target: The Iris Lake exploration target was initially identified by the presence of garnet muscovite aplite (sodium-rich pegmatite) in the field. The potential to host rare-element mineralization was confirmed by the assays of 7 samples with anomalous rare-elements around Iris Lake. Parks Lake Exploration Target: Following the discovery of sodium-rich and potassium-rich pegmatites at Iris Lake, Tearlach staked open ground on Parks Lake. The assays above confirmed the fractionated nature of Iris Lake and also Parks Lake (samples 965118 and 965119). According to the pegmatite deposit model, pegmatite melts fractionate from barren to Be to Be+Nb to Be+Ta+Li enrichment. Thus, enrichment in rare-elements (i.e., Be, Rb, Cs, Nb, Sn and Ta) indicates a strong potential for lithium mineralization nearby. Tearlach geologists then began mapping on Parks Lake using boat access. Outcrops are abundant on the islands within and along the shoreline of Parks Lake. Annuncio • Jul 23
Tearlach Resources Limited Discovers Pegmatites on Georgina Properties Tearlach Resources Limited provided an update on progress with its summer exploration program on the Georgina Properties, Jellicoe, northwestern Ontario. The Properties, consisting of the Georgina Stairs, Georgina East and newly staked claims, cover approximately 239 square kilometres and are being explored for pegmatite-hosted lithium mineralization similar to that hosted on Rock Tech's Georgia Lake Property to the west. Fieldwork consisting of geological mapping and outcrop sampling commenced in mid-May, and to date, approximately 20% of the Properties have been covered. Highlights: A key milestone is the discovery of eleven pegmatite outcrops, including both sodium and potassium-rich varieties. These are the first documented pegmatites on the property, and the presence of both sodic and potassic types indicates that fractionation of the pegmatite melt has occurred, which could generate lithium-rich end member components. Tearlach's ongoing geochemical sampling program will focus on establishing geochemical and mineralogical vectors towards possible lithium-enriched areas of the system. Based on the pegmatite discoveries, in June, Tearlach staked an additional 46 claims contiguous with the southern part of Georgina East Property on open ground. The Georgina Properties now consist of 1131 cell claims and is 26 km by 12 km in size. Exploration Targets: The spodumene-bearing pegmatites elsewhere in the region are sodic-rich, with aplite in the outermost zones and green muscovite in the innermost zones associated with spodumene. The identification of both aplite and green muscovite during the recent work on the Properties indicates that it has the potential to host spodumene pegmatites. Tearlach's exploration team will be focusing on these areas in the upcoming month. Annuncio • Jul 12
Tearlach Resources Limited Commences Mapping at Georgina Stairs, Jellicoe, Ontario Tearlach Resources Limited announced that it has started mapping and sampling on Georgina Stairs Lithium Project in the Georgia Lake pegmatite field, Jellicoe, Ontario. Mapping targets are being generated daily and followed up by Tearlach’s geology team. The Project is located 9 km east of Rock Tech Lithium’s Georgia Lake Project and is being explored for lithium mineralization hosted in spodumene pegmatites. Highlights: Data compilation on the Project area, including topography, geology and geophysics data, was completed in the spring of 2023 and used to identify specific exploration targets in the Project area. Satellite images were used to identify outcrops, access roads and logged areas. 172 sample locations were described in the month of May. 76 samples have been submitted to the lab for assays. 20 granite outcrops were discovered and sampled. Tearlach signed an MOU with four local First Nation communities. Tearlach’s geology team has discovered 20 granite outcrops hosted by biotite metasedimentary rocks on the Georgina Stairs claim block, whereas previously Ontario Regional Geology Map (MRD126) indicated that there was no granite on the claim block. The medium- to coarse-grained biotite granite outcrops occur in the southern part of the claim block. The mapping results have been interpreted and indicate three (3) exploration target areas for additional mapping. The discovery of granite is important because pegmatite dykes are derived from granite. For example, Rock Tech’s spodumene pegmatites are hosted by metasedimentary rocks in close proximity to granites. A total of 172 sample locations were described in the month of May, of which 76 samples were submitted to Actlabs, Geraldton location for assay. Results are pending. The samples include granite to examine their rareelement content and metasediments to examine rare-element metasomatism as an indicator of blind pegmatites. Diabase was also sampled to distinguish between different generations of sills and dykes to see if one generation is associated with pegmatites. The Li, Rb, Cs, Nb, Ta and Be content of the granite will be plotted on a map to determine in which direction these rare-elements are increasing. This will be the direction to look for the possible presence of pegmatites. Prospecting is ongoing and has been facilitated by access from the Peck Lake Road, which passes north to south through the middle of the property, and there are many logging trails on the Property. The geology team has been able to park the truck next to the outcrops. The Project is underexplored in part because it is located outside E.G. Pye’s Georgia Lake Area map (Ontario Geological Survey, M2056, 1964), which has guided lithium pegmatite exploration in the area for many decades. The majority of the Property has had no historical exploration on it despite being so close to the Trans Canada Highway. The limited historical exploration on the Property consists of drilling in 1972 and 1973 in search of sulphides and prospecting in 2009 and 2011 also for sulphides. The Property’s geology is similar to Rock Tech Lithium’s Georgia Lake Project and is 9 km east of Rock Tech’s spodumene pegmatites. The geology is also similar to Balkan Mining and Minerals Limited’s Gorge Lithium Project and is located 4.7 km north of their spodumene pegmatites. Tearlach welcomes Aboriginal Consultation and has met with four First Nation communities (Animbiigoo Zaagi’igan Anishinaabek, Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek and the Red Rock Indian Band) with traditional territories on Georgina Stairs Property face-to-face on April 20 and 21, 2023. These meetings led to the signing of a Memorandum of Understanding (“MOU”) dated May 9, 2023, with all four communities. Tearlach has also hired a member of the First Nation communities as a geological assistant to join geology team, as he has excellent knowledge of and experience hunting and fishing in project area. Annuncio • Jun 28
Tearlach Resources Limited Commences Mapping at Georgina Stairs, Jellicoe, Ontario Tearlach Resources Limited announced that it has started mapping and sampling on Georgina Stairs Lithium Project in the Georgia Lake pegmatite field, Jellicoe, Ontario. Mapping targets are being generated daily and followed up by Tearlach's geology team. The Project is located 9 km east of Rock Tech Lithium's Georgia Lake Project and is being explored for lithium mineralization hosted in spodumene pegmatites. Data compilation on the Project area, including topography, geology and geophysics data, was completed in the spring of 2023 and used to identify specific exploration targets in the Project area. Satellite images were used to identify outcrops, access roads and logged areas. 172 sample locations were described in the month of May. 76 samples have been submitted to the lab for assays. 20 granite outcrops were discovered and sampled. Tearlach signed an MOU with four local First Nation communities. Tearlach's geologists team has discovered 20 granite outcrops hosted by biotite metasedimentary rocks on the Georgina Stairs claim block, whereas previously Ontario Regional Geology Map (MRD126) indicated that there was no granite on the claim block. The medium- to coarse-grained biotite granite outcrops occur in the southern part of the claim block. The mapping results have been interpreted and indicate three exploration target areas for additional mapping. The discovery of granite is important because pegmatite dykes are derived from granite. For example, Rock Tech's spodumene pegmatite dykes are hosted by metasedimentary rocks in close proximity to granites. A total of 172 sample locations were described in The month of May, of which 76 samples were submitted to Actlabs, Geraldton location for assay. Results are pending. The samples include granite to examine their rare-element content and metasediments to examine rare-element metasomatism as an indicator of blind pegmatites. Diabase was also sampled to distinguish between different generations of sills and dykes to see if one generation is associated with pegmatites. The Li, Rb, Cs, Nb, Ta and Be content of the granite will be plotted on a map to determine in which direction these rare-elements are increasing. This will be the direction to look for the possible presence of pegmatites. Prospecting is ongoing and has been facilitated by access from the Peck Lake Road, which passes north to south through the middle of the property, and there are many logging trails on the Property. The geology team has been able to park the truck next to the outcrops. The Project is underexplored in part because it is located outside E.G. Pye’s Georgia Lake Area map (Ontario Geological Survey, M2056, 1964), which has guided lithium pegmatite exploration in the area for many decades. The majority of the Property has had no historical exploration on it despite being so close to the Trans Canada Highway. The limited historical exploration on the Property consists of drilling in 1972 and 1973 in search of sulphides and prospecting in 2009 and 2011 also for sulphides. The Property’s geology is similar to Rock Tech Lithium’s Georgia Lake Project and is 9 km east of Rock Tech’s spodumene pegmatites. The geology is also similar to Balkan Mining and Minerals Limited’s Gorge Lithium Project and is located 4.7 km north of their spodumene pegmatites. Annuncio • Jun 15
Tearlach Resources Limited announced that it has received CAD 1 million in funding Tearlach Resources Limited announced a non-brokered private placement to issue 3,923,077 flow-through units for gross proceeds of CAD 1,000,000.02 on June 13, 2023. The Company issued 1,923,077 QC units at a price of CAD 0.26 per unit for gross proceeds of CAD 500,000.02 and 2,000,000 Non QC units at an issue price of CAD 0.25 per unit for the gross proceeds of CAD 500,000; aggregate gross proceeds of CAD 1,000,000.02. Each QC Unit is comprised of one common share and one-half of one share purchase warrant. Each Warrant will entitle the holder to acquire one common share at a price of CAD 0.40 per Warrant Share for a period of two years from the date of issuance, subject to an accelerating provision. In the event that the Company’s common shares have a closing price on the TSX Venture Exchange of greater than CAD 0.60 per share for a period of ten consecutive trading days at any time after four months and one day from the closing date of the transaction. Each Non QC Unit is comprised of one common share and and one-half of one Warrant on the same terms as the Warrants forming part of the QC Units. The Securities will be subject to a hold period of four months and one day from the date of issuance. Closing of the transaction will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Exchange. The Company will pay Laurentian Bank Securities, Inc. a cash finder’s fee in the amount of CAD 70,000 and issued 274,615 share purchase warrants. Other than being non-transferable, each Finder’s Warrant shall otherwise be on the same terms as the Warrants. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 2 placees. Annuncio • Jun 09
Tearlach Resources Limited Reports Pulp Re-Assay Results for Six TN22 Rotary Drill Holes (010 – 015) At the Gabriel Project in Tonopah, Nevada Tearlach Resources Limited reports pulp re-assay results for six (6) TN22 rotary drill holes (010 – 015) drilled by Blackrock Silver (BRS), in 2022, at the Gabriel Project in Tonopah, Nevada. These re-assay results confirm the lithium mineralization intersected in the BRS-drilled holes, with re-assay results 14 – 33% higher than the original assays and individual grades up to 1,660 ppm lithium. The original pulps were also re-assayed at the ALS Laboratory Reno NV according to the same analytical procedures as the current TEA re-assay program. These BRS pulp re-assay program results were, on average, 31% higher than the original assays. That BRS re-assay data, accordingly, has been combined with the TEA re-assay data for this report. All re-assay intercepts are higher grade (14-33%) than the corresponding original assay intercept. BRS drilled TN22-010 at a location that is southwest of the Gabriel drill pattern. The hole was drilled on a westerly azimuth at an inclination of -75 degrees to a depth of 2,500 feet (762m - see collar file below). The re-assay data indicates a modest thickness and grade of lithium mineralization. TN22-011 & TN22-012 were drilled from the same drill site as GAB-006 (a vertical hole). Hole 011 was drilled in a northerly direction at an inclination of -50 degrees to a depth of 505 feet (154m). The re-assay data indicates that the hole intersected two (2) zones of lithium, with the deeper intercept being of greater length and grade. Hole 012 was drilled southward at an inclination of -50 degrees. The re-assay data indicates that this hole also intersected two intervals of lithium mineralization, with the deeper intercept being of greater length and grade. The results from these two holes compare well to GAB-006: primary intercept of 77.9 feet (23.7m) at 707 ppm Li. TN22-013 was drilled from the same drill site as GAB-004 (a vertical hole). The hole was drilled northerly at an inclination of -50 degrees. The re-assay data indicates that the hole intersected 55 feet of lithium mineralization, grading 559 ppm (highest individual value at 1,100 ppm). The TN22-013 results compare reasonably well to the GAB-004 results: primary intercept of 27.1 feet (8.3m) at 703 ppm Li. TN22-014 was drilled from the same drill site as GAB-005. The hole was drilled northerly at an inclination of -50 degrees. The re-assay data indicates that the hole intersected two (2) narrow zones of lithium mineralization. BRS drilled TN22-015 (southern portion of the property) between TN22-010 and -013. The hole was drilled northerly at an inclination of -50 degrees. The re-assay data indicates that the hole did not intersect a minimum 15 feet interval of lithium mineralization at a cut-off grade of 400 ppm. Assays are pending for an additional six (6) holes and include TN22-002, which is just south of the Gabriel property boundary on lands that remain under the control of BRS. Although not drilled on the Gabriel property, this re-assay data will be used to calculate block grades in the Gabriel model in an area where there is no GAB drilling. Annuncio • May 18
Tearlach Resources Limited Reports Assay Results for Three New Core Step-Out Drill Holes At Its Gabriel Project in Tonopah, Nevada Tearlach Resources Limited reported assay results for three new core step-out drill holes (GAB-013, 016, & 019) at its Gabriel Project in Tonopah, Nevada. These newly reported holes intersected lithium-mineralized zones with intervals exceeding 1,000 ppm and grades up to 1,300 ppm. Results have now been received and reported for the 11 Phase 1 drill holes, with a lithium-mineralized interval intersected in each hole. These results represent a significant milestone for Tearlach and the development of the USA Gabriel project. Lithium mineralization has consistently been intersected in the lower portion of the Siebert Formation. A second zone of mineralization has also been intersected in some holes, present in the upper portion of the Siebert. The lithium mineralization is hosted in a claystone-siltstone-sandstone-conglomerate sedimentary sequence. Faults, with a normal sense of offset, have been mapped on the Gabriel surface. Fault-broken zones, gouge and cataclasites have also been logged in the core. The location and orientation of these structures will be assessed during the upcoming three-dimensional (3D) geologic modeling project. The three (3) holes reported here each step-out from the original BRS drilling and expand the Tearlach-defined lithium mineralization footprint to the northwest, northeast, and southeast. The core box photos below display the lithology and corresponding lithium grades for the three (3) drill holes reported here, with each hole represented by one core box. The Gabriel twin holes consistently have higher intercept grades (36% to 85%) compared to the corresponding BRS TN22 holes. The TN22 pulp re-assay program will provide additional data pairs to investigate the underlying cause of this discrepancy. Annuncio • Feb 18
Tearlach Resources Limited Announces Bulk Sample Timing and Drill Permits At Gabriel Lithium Project, Tonopah Nevada Tearlach Resources Limited announced its plans for bulk sampling the Gabriel Lithium project in Tonopah, Nevada to fast track a pilot plant and in-depth metallurgical work. Additionally, the drilling notice through the Bureau of Land Management has been approved and the bond submitted. Drilling will commence shortly. Highlights: 1-to-2-ton bulk sample of an already identified outcrop, set for Second Quarter 2023. Using Core Drill to do baseline metallurgical work. Engaging with pilot plant labs running a pre-selection process. Exploring existing and new technology, more to come on this. Engaging with its Engineering groups to plan and advance further stage development permits. Tearlach is committed to providing a unique approach to solving the supply chain issues that involve connecting the dots backwards from production placements and modelling to the exploration stage. This method will give a clear and accelerated path to production and long-term shareholder value creation. Annuncio • Jan 24
Tearlach Announces Significant Lithium Grade Increases Up to 61.9% Higher from Drill Assays Duplicate Samples at the Gabriel Project Located in Tonopah, Nevada Tearlach Resources Limited reported the results from the duplicate assay program initiated, during the due diligence period, prior to signing the JVagreement on the Gabriel Property (formerly known as the North Tonopah Project) with Blackrock Silver on 12 January 2023. The re-assaying efforts by the Company indicate lithium grades that average 28% higher than original assays across 57 samples collected by Tearlach’s world-class Reno-based exploration team with significant lithium expertise. The highest sample reported 62% higher lithium grade. Path Forward: Submit Drill Permits within a week, Prescreened drill contractor, working on engagement, Drill a large 20-hole PQ Core drill program, including step outs and confirmation drilling and Run Concurrent engineering and metallurgical paths. Tearlach’s Nevada lithium exploration team, operating through Pan Am Lithium (Nevada) Corp. (PALN, a wholly-owned Nevada Corporation subsidiary) selected coarse rejects for 57 Blackrock lithium-mineralized rotary drill intervals to analyze for duplicate assay. These samples were analyzed, using methods similar to the original assay, by a second highly regarded laboratory. The samples were selected by the PALN geologic team, and transported to Reno, Nevada, maintaining the chain of custody. The 57 samples were analyzed to obtain duplicate assay results according to the following procedures: A 200-gram split of the coarse rejects were crushed by the original assay laboratory and returned to the PALN explorationists. The coarse rejects were then transported to the second lab for re-assay. The duplicate assaying was conducted by an ALS Geochemistry facility located in Reno, NV. This facility holds an ISO 17025 certification. The crushed split was submitted to the 2nd laboratory for analysis according to the following procedures: Pulverized the submitted crushed sample to 85% passing 75 microns grain size. Split a 0.25-gram sample of the pulverized material for analysis. Digested the pulp split by four (4) acids with an ICP finish, which slightly varied from the original laboratory method. Also analyzed the samples for boron (B) content using an Aqua Regia digestion with ICP-AES finish. The PALN geologists inserted five (5) lithium certified reference pulps, plus blank value pulps (also 5 samples) into the pulp sample set. This duplicate assay process was overseen by two (2) PALN geologists who are Qualified Persons according to NI 43-101. David C. Flint is a CPG with AIPG (#10360), and Robert J. Kellie is a registered member with SME (#4026171). The comparison of the duplicate assays to the original assays indicates the following: All duplicate assays are higher than the original assays. The duplicate assays, on average, are 28% higher than the original assays. Individual duplicate assays are higher than the corresponding original assays over a range of +12.6% to 62%. Thirteen (13) of the duplicate assays have reported values greater than 900 ppm, of which three (3) assays are greater than 1,000 ppm. The certified reference lithium samples inserted into the duplicate sample stream yielded acceptable values. Blank samples inserted into the check sample stream yielded extremely low to nil lithium values. A strict chain of custody was maintained during the duplicate assay program. The results from the duplicate assay program indicates potential additional opportunity for exploring the Gabriel Lithium Property. The PALN technical team intends to conduct exploration activities in a manner such that highly representative samples are collected, and that the samples are analyzed by the most precise and accurate methods. Mr. David C. Flint, CPG with AIPG (American Institute of Professional Geologists), Director of Tearlach’s subsidiaryPan Am Lithium (Nevada) Corp, and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Annuncio • Jan 14
Tearlach Resources Limited, Annual General Meeting, Mar 24, 2023 Tearlach Resources Limited, Annual General Meeting, Mar 24, 2023. Annuncio • Jan 12
Tearlach Resources Limited (TSXV:TEA) acquired Pakwan Extension claim block, Canada for CAD 0.02 million. Tearlach Resources Limited (TSXV:TEA) acquired Pakwan Extension claim block, Canada for CAD 0.02 million on January 11, 2023.Tearlach Resources Limited (TSXV:TEA) completed the acquisition of Pakwan Extension claim block, Canada for CAD 0.02 million on January 11, 2023. Annuncio • Dec 07
Tearlach Resources Limited (TSXV:TEA) agreed to acquire Pegmatite Bearing Lithium Projects. Tearlach Resources Limited (TSXV:TEA) agreed to acquire Pegmatite Bearing Lithium Projects on December 5, 2022. Tearlach may acquire a 100% interest in the Pakwan and the Margot Projects from arm’s length vendors by paying, per Project, $200,000 on the signing of the Purchase Agreement and $100,000 in year 2, plus $2,000,000 upon successful drilling result of 10 meters of 1% or greater Li2O. Annuncio • Nov 20
Tearlach Resources Limited announced that it has received CAD 7.585 million in funding On November 18, 2022, Tearlach Resources Limited closed the transaction. The company issued 10,170,000 units at a price of CAD 0.50 per unit for gross proceeds of CAD 5,085,000 in its second and final tranche. The company issued a total of 15,170,000 units for aggregate gross proceeds of CAD 7,585,000 in the transaction. The company will pay an aggregate finder's fees of CAD 100,450 and 200,900 non-transferable share purchase warrants. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Lindsay Bottomer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 29
Tearlach Resources Limited announced that it expects to receive CAD 5 million in funding Tearlach Resources Limited announced a non-brokered private placement of 10,000,000 units at a price of CAD 0.5 per unit for gross proceeds of CAD 5,000,000 on October 27, 2022. Each unit will consists of one common share and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of CAD 0.90, subject to an acceleration provision, whereby, if the closing price of the shares on any stock exchange on which the shares are then listed is equal to or greater than CAD 1.50 for a period of ten consecutive trading days, the company will have the right to accelerate the expiry of the warrants by giving notice to the holders of the warrants by news release or other permitted notification that the warrants will expire on a date that is not less than ten business days from the date notice is given. All securities will be subject to a four-month hold period from the closing date. The company also provided the overallotment option of up to 60%. The transaction is subject to TSX Venture Exchange approval. The company may pay finders' fees may be payable in accordance with TSXV policies. Board Change • Oct 08
Less than half of directors are independent Following Director John Bean's arrival on 01 October 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lindsay Bottomer was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 06
Tearlach Resources Limited Announced Appointment of Paul Chow and John Bean to the Board Tearlach Resources Limited announced the appointment of Paul Chow and John Bean to the board of Directors. Mr. Chow has served in the capital markets for more than 20 years providing strategic planning and corporate finance. He has also acted as a senior officer and board member of several private and publicly traded companies in North America. As an entrepreneur, his path has led him across many sectors, including mining, oil and gas, and cannabis. He was a founder and was involved in the IPO of Next Green Wave Holdings Inc. Next Green Wave was acquired by Planet 13 in 2022 for approximately $100 million. Mr. Chow was also a founder and CEO of Rock Tech Lithium ("Rock Tech") which currently trades at a market cap of around $300 million. He was instrumental in the acquisition of Rock Tech's Georgia Lake asset. Mr. Chow is currently a Director of Genix Pharmaceuticals Corp., a generic drug company with a division in novel nutraceutical products. Mr. Bean is an experienced cannabis and real estate sector CFO who provides corporate finance leadership and strategic business development guidance and strengthens corporate governance. Mr. Bean was the CFO of Aurora Cannabis Inc., a Canadian federally licensed producer of medical cannabis, during its first two years as a public company, when it obtained its license to grow, became licensed to sell, and then received customer revenues. Aurora Cannabis grew from a $100 million market capitalization to a multi-billion market capitalization under Mr. Bean's initial financial stewardship. Mr. Bean has served on the boards of General Fusion Inc., SyncWave Energy Inc., TAP Ventures Inc., RSI International, BC Technologies Industry Association, Accenture's CSTaR (Center for Strategic Technology Research) and Bobolink Daycare Society for Deaf Children. Dieter Schindelhauer has resigned from the Board of Directors. Annuncio • Jan 28
Tearlach Resources Acquires Gold-Silver-Copper Property in Northwestern Ontario Tearlach Resources Limited announced that it has signed an option agreement to acquire a 100% interest in the high-grade Savant East gold, silver and copper project (the "Project"), in northwestern Ontario. The property is located 120 km northeast of Sioux Lookout and comprises 5 mining claims (40 cell units) covering 820 hectares. The Property is easily accessible by logging roads from the community of Savant Lake. Highlights of the Property include: Shear-hosted quartz veining hosting high-grade gold, silver, copper, lead, and zinc that occurs for over 1 km in strike length. Last drilled in 1959 by 15 shallow X-ray drill holes totaling only 157 metres. Highlights from the drilling report include 5.63 g/t Au, 100 g/t Ag, 1.2% Cu, 3.7% Pb and 3.08% Zn over 1.03m from 4.14 m downhole. Easily accessible by logging roads. The Savant East gold-silver-copper property is located in the Sturgeon Lake greenstone belt (SLGB), a northeast trending group of mafic volcanics and metasediments within the Wabigoon Subprovince. On a regional scale a major structural feature of the SLGB is the Sturgeon Lake Fault Zone, a northeast trending deformation zone that defines the lake's orientation and marks the boundary between metasedimentary units on the west and mafic volcanics of the Handy Lake Assemblage on the east (Figure 2). A granodioritic stock intrudes the sequence to the east of the claim group. Precious and base metal mineralization are associated with quartz veins in west to northwest trending structures in the mafic volcanics during a regional folding event. Sericitic and chloriticalteration and intense shearing in the host mafic volcanics that envelops the mineralization attests to the strong deformation and coincident metal-bearing hydrothermal activity. The veins typically contain 5-10% combinedpyrite, sphalerite, galena, chalcopyrite and arsenopyrite in blebs, disseminations, and stringers (AFRI 52J09SW8863). According to a 1989 UMEX mapping and assessment report, mineralized quartz veins also extend into the granodioritic stock where a 6m wide quartz vein returned a grab sample reporting 1.17 g/t Au, 56.9 g/t Ag, 0.38% Cu, 1.65% Pb and 4.11% Zn (AFRI 2J09SW8863). The technical content of this news release has been reviewed and approved by Mike Kilbourne, P. Geo., who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company has not completed sufficient work to verify the historic information on the Savant East property, particularly regarding historical exploration, neighbouring companies, and government geological work. Tearlach has entered into an option agreement to acquire a 100% interest in the Property from Gravel Ridge Resources ("Gravel Ridge") 1544230 Ontario Inc. and by paying $97,000 over a three-year period. Gravel Ridge and 1544230 Ontario Inc. will be retaining a 1.5% net smelter royalty ("NSR") on the Project, of which Tearlach can purchase 0.5% of the NSR for $500,000. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joe Yelder was the last independent director to join the board, commencing their role in 2002. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 09
Tearlach Resources Limited announced that it has received CAD 0.305 million in funding Tearlach Resources Ltd. (TSXV:TEA) announced a non-brokered private placement of up to 550,000 common shares at CAD 0.10 per unit for CAD 55,000 and convertible debentures for CAD 250,000 for aggregate gross proceeds of CAD 305,000 on January 7, 2021. Each unit will consist of one common share and one common share purchase warrant. Each debenture holder has the right to convert the principal amount of the debentures into units at a rate of CAD 0.10 per common share with each unit consisting of one common share and one transferable share purchase warrant, and with each warrant exercisable into one share at a price of CAD 0.10 per warrant share for a period two years from the closing date. The debentures have an interest rate of 5% per annum and have a maturity date of two years from closing. Interest will be due on the maturity date. The securities are subject to a statutory hold period of four months and one day expiring April 19, 2021 and no finder's fees were paid by the Company Annuncio • Nov 07
Tearlach Resources Limited Announces the Appointment of Lindsay Bottomer to Board of Directors Tearlach Resources Limited announced the appointment of Mr. Lindsay Bottomer to the board of Directors. Mr. Bottomer is a member of the Association of Professional Engineers and Geoscientists of British Columbia and a Fellow of the Australasian Institute of Mining and Metallurgy. He is also past President of the British Columbia and Yukon Chamber of Mines and served for six years as an elected councilor on the Association of Professional Engineers and Geoscientists of British Columbia.