Tillkännagivande • Jan 27
Advance Lithium Listing Transfer to NEX In accordance with TSX Venture Policy 2.5, Advance Lithium Corp., (the ‘Company’) has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Monday, January 29, 2024, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Vancouver to NEX. As of January 29, 2024 the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from AALI to AALI.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Tillkännagivande • Jun 27
Advance Lithium Corp. announced that it expects to receive CAD 0.85 million in funding Advance Lithium Corp. announced a non-brokered private placement of up to 21,250,000 units at a price of CAD 0.04 per unit for the gross proceeds of CAD 850,000 on June 26, 2023. Each unit will consists of one common share and one common share purchase warrant. Each warrant being exercisable to purchase one common share at a price of CAD 0.05 per share at any time within 60 months of the date of issuance. The transaction is subject to the approval of the TSX Venture Exchange. Tillkännagivande • Jan 26
Advance Lithium Corp. announced that it has received CAD 0.091 million in funding On January 24, 2023, Advance Lithium Corp. closed the transaction. The company has amended the terms of the transaction. The company has issued 4,550,000 at an issue price of CAD 0.02 for the gross proceeds of CAD 91,000. The transaction include participation from nine placees, total existing insider involvement for 1,500,000 (one placee). Each warrant being exercisable at $0.05 for 24 months, expiring May 25, 2025. All securities issued pursuant to the financing will be subject to a 4 month plus 1 day hold. The company paid finder's fee of CAD 4,400 cash and 84,000 warrants. Each finders warrant entitles the holder to purchase one common share at the price of CAD0.05 for period of two years from the date of issuance. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director William Atkinson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director William Atkinson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director William Atkinson was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions Derivative • Feb 12
Chairman of the Board exercised options to buy CA$115k worth of stock. On the 4th of February, Brad Newell exercised options to buy 1m shares at a strike price of around CA$0.08, costing a total of CA$92k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since March 2020, Brad's direct individual holding has increased from 6.36m shares to 8.84m. Company insiders have collectively bought CA$104k more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Nov 11
Advance Gold Finds A Key High Chargeability Anomaly Advance Gold Corp. to report on highlights of a recently completed Induced Polarization (IP) survey from its 100% owned Tabasquena project in Mexico that provides additional clarity to known chargeability anomalies and has also identified a new large anomaly to the west of the known anomalies. The aim of the recently completed geophysical campaign is to refine the shape (geometry) of a high chargeability anomaly identified in August 2020 in the northern part of the property. Mineralisation in Zacatecas state, which is one of the most prolific regions for mined silver worldwide, is characterized as poly-metallic rich (Ag-Pb-Zn-Cu) and frequently linked with silver and gold. It is associated with epithermal-type deposits, CRD (Carbonate Replacement
Deposits) or porphyry skarn deposits, usually related to calc-alkaline intrusions identified at surface by magnetic anomalies of variable intensities. A September 2019 geophysical program report mentioned that the observed strong IP anomaly could be indicative of the known and previously mined epithermal vein sets. It also surmised it would be reasonable to expect them to be more developed at depth where they could define a much broader mineralized system. The associated high chargeability anomalies are likely of deep origin and may emphasize mineralisation developed at the intersection of 2 major faults. Tillkännagivande • Oct 06
Advance Gold Corp. Reports Drilling Results from Holes AGT-15 and AGT-16 from the Tabasquena Project Advance Gold Corp. reported drilling results from holes AGT-15 and AGT-16 from the Tabasquena project in Zacatecas, Mexico. The results are from the company’s flagship property that is investigating a 3500m long continuous high chargeability Induced Polarization (IP) anomaly. Drill holes 15 and 16 focused on drilling a 3500 metre long continuous chargeability anomaly; Distance between holes is approximately 2200 metres; AGT-15 was at southern end of the anomaly in an area where mostly thin lenses of disseminated sulphides were found, it returned a highlight intersection of 2.15m of 664g/t silver; AGT-16 was at the northern end of the anomaly in an area where the anomaly has a hinge and drops vertically to beyond detection limits of the IP survey. The highlight intersection returned 1.3m of 5.45% zinc from a hole of 6.5 metres of 2.22% zinc in the zone that hit sections of semi-massive sulphides; AGT-17 is currently underway and is situated on the same collar location as AGT-16 but drilling at a high chargeability anomaly 75 metres to the east; A new geophysical survey will be underway within days to determine east to west dimensions of the geophysical anomaly at the northern end. Tillkännagivande • Oct 01
Advance Gold Corp. Auditor Raises 'Going Concern' Doubt Advance Gold Corp. filed its Annual on Sep 28, 2020 for the period ending May 31, 2020. In this report its auditor, Dale Matheson Carr-Hilton, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Tillkännagivande • Sep 17
Advance Gold Corp. Announces Exploration Update on Recently Completed Drilling and - Geophysics at Tabasquena Project in Zacatecas, Mexico Advance Gold Corp. reported on exploration work recently completed including drilling and an expanded geophysical survey. The recently completed hole 16 returned a 10.7 metre thick sulphide zone, samples from this zone have been submitted for assaying. The expanded geophysical program was focused on the northern end of a 3500-metre continuous IP (induced polarization) chargeability anomaly. This geophysical work has outlined a new key target zone. Of the four holes drilled to date into the 3500-metre continuous IP chargeability anomaly, drill hole AGT-16 has encountered the best mineralization, including a 10.7 metre sulphide zone. Mineralization in this hole has zones of semi-massive pyrite, containing 15 to 30% pyrite, together with up to 3% sphalerite and some galena (core photos shown below and on company website). The first three holes intersected stacked lenses of disseminated sulphides and are around 3000 metres to the south of AGT-16. Tillkännagivande • Aug 11
Advance Gold Corp. announced that it has received CAD 0.72 million in funding On August 10, 2020, Advance Gold Corp. (TSXV:AAX) closed the transaction. The company has
filed documents with the TSX Venture Exchange. The shares acquired by the placees, and the shares which may be acquired upon the exercise of the share purchase warrants will be subject to a hold period until November 29, 2020, in accordance with applicable securities legislation. Tillkännagivande • Jul 21
Advance Gold Corp. announced that it expects to receive CAD 0.25 million in funding Advance Gold Corp. (TSXV:AAX) announced a non-brokered private placement of 2,500,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 250,000 on July 20, 2020. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase a common share at a price of CAD 0.12 per share at any time within 24 months from the date of issue. The closing of the transaction is subject to customary closing conditions, including receipt of all regulatory approvals and approval of TSX Venture Exchange. Tillkännagivande • Jul 17
Advance Gold Corp. announced that it has received CAD 0.301125 million in funding On July 10, 2020, Advance Gold Corp. (TSXV:AAX) closed the transaction. The company issued 4,014,998 units for gross proceeds of CAD 301,125. The transaction included participation from insiders of the company William Atkinson, a director of the company for 66,666 units, Marie Cupello, Chief Financial Officer of the company for 26,667 units, Allan Laboucan, Chief Executive Officer of the company for 133,333 units, Bradley Newell, Chairman of the board of the company for 1,333,333 units and other investors. All securities issued in the transaction will be subject to a four month hold period. The company paid finders' fees of CAD 2,700 to Jean-David Moore in the transaction in accordance with TSX Venture Exchange. The round was oversubscribed. 