Board Change • Mar 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Chris Farnworth is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Feb 21
Supreme Critical Metals Inc. Announces Board Changes Supreme Critical Metals Inc. announces the appointment of Glen R. Watson to its Board of Directors, effective 20 February 2026. The Company also announced the resignation of George Tsafalas from its Board of Directors. Glen R. Watson is a capital-markets and corporate-development executive with 30+ years of experience across the mining and energy sectors. He is currently President and Chief Executive Officer of Supreme Critical Metals Inc., where he leads the Company's corporate strategy, capital-markets initiatives, and overall growth execution. He brings senior leadership experience from multiple public companies, where he has overseen corporate finance, mergers and acquisitions, business development, and market-expansion initiatives. Glen's background also spans investor relations, project finance, and capital-markets outreach, contributing to successful equity financings, strategic partnerships, and early-stage operational ramp-ups. Previously, Glen served as President, CEO, and Director at junior exploration companies, leading corporate strategy and investor engagement. He brings deep expertise in junior-exploration dynamics, Canadian capital-markets practice, and regulatory compliance, along with strong relationships across institutional and retail investors. Known for disciplined governance and pragmatic execution, he is focused on advancing exploration programs and delivering shareholder value. Duyuru • Feb 18
Supreme Critical Metals Inc. announced that it has received CAD 1.141 million in funding On February 17, 2026, the company closed the transaction by closing its second and final tranche. The second tranche consists of 1,730,000 Units at a price of CAD 0.10 per Unit for gross proceeds of CAD 173,000. The LIFE offering resulted in the issuance of a total of 11,410,000 Units and a raise of gross aggregated proceeds to the Company of CAD 1,141,000. The LIFE Offering was oversubscribed from the originally announced maximum of 10,000,000 Units at a rate of 114.1%. The Company paid CAD 2,130 in finder's fees and issued 23,100 finder's warrants in connection with this tranche of the LIFE offering . The Finder's Warrants entitle the holder thereof to acquire one additional Common Share in the capital of the Company at a price of CAD 0.20 for a period of 24 months from the closing of the second tranche of the LIFE offering. Closing of the LIFE offering was conditionally approved by the Canadian Securities Exchange, and the securities issued under the LIFE offering will not be subject to a four-month and one-day statutory hold period. Duyuru • Jan 28
Supreme Critical Metals Inc. announced that it expects to receive CAD 1 million in funding Supreme Critical Metals Inc. announced non-brokered private placement under the listed issuer financing exemption to issue minimum of 6,000,000 units at a price of CAD 0.10 for minimum gross proceeds of CAD 600,000 and maximum of 10,000,000 units at a price of CAD 0.10 for gross proceeds of CAD 1,000,000 on January 27, 2026. Under the LIFE offering, each offered unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant will be exercisable for a period of 24 months from the closing date and will entitle the holder thereof to purchase one additional common share prior to the expiry of the expiry period at an exercise price of CAD 0.20 per warrant. The securities issued pursuant to the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The company may pay finders' fees or issue compensation securities to finders on a portion of the LIFE offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The closing of the LIFE offering is anticipated to occur on or about February 15, 2026, or such other date(s) as may be determined by the company, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the LIFE offering is being made to purchasers resident in all provinces of Canada, except Quebec, Newfoundland and Labrador, and Prince Edward Island pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Board Change • Jan 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Independent Director Gerald Tritt is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Dec 16
Supreme Critical Metals Inc. announced that it expects to receive CAD 1 million in funding Supreme Critical Metals Inc. announced a non-brokered private placement to issue minimum of 3,600,000 units at an issue price of CAD 0.15 for minimum gross proceeds of CAD 540,000 and maximum of 6,666,667 units at an issue price of CAD 0.15 for maximum gross proceeds of CAD 1,000,000.05 on December 15, 2025. Each offered unit will consist of one common share of the company and one common share purchase warrant. Each whole warrant will be exercisable for a period of 12 months from the closing date and will entitle the holder thereof to purchase one additional common share prior to the expiry of the expiry period at an exercise price of CAD 0.21 per warrant. The securities issued pursuant to the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The closing of the offering is anticipated to occur on or about January 15, 2026, or such other date(s) as may be determined by the company and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange. Duyuru • Nov 28
Supreme Critical Metals Inc. announced that it expects to receive CAD 2 million in funding Supreme Critical Metals Inc. is undertaking two non-brokered private placement financings on November 26, 2025. The company announced that it has issued 6,666,666 hard-dollar units (non-flow-through units) at a price of CAD 0.15 per unit for gross proceeds of CAD 999,999.9 and 4,651,162 flow-through units at a price of CAD 0.215 per unit for gross proceeds of CAD 999,999.83; aggregate gross proceeds of CAD 1,999,999.73. Each non-flow-through unit will comprise one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of CAD 0.021 per common share for a period of two years following the closing date of the offering, subject to the company's right to accelerate expiry and flow-through unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at an exercise price of CAD 0.30 for 24 months. The closing date of the offering is to occur on or about December 8, 2025 or such later date or dates as the company may determine; and the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.
On November 27, 2025. The company announced Non-Flow-Through Unit financing is exercisable to purchase one additional common share at a price of CAD 0.21 for a period of 24 months from the date of issuance. Duyuru • Sep 23
Supreme Critical Metals Inc., Annual General Meeting, Nov 19, 2025 Supreme Critical Metals Inc., Annual General Meeting, Nov 19, 2025. Duyuru • Sep 19
Supreme Critical Metals Inc. announced that it has received CAD 1.086182 million in funding On September 18, 2025, Supreme Critical Metals Inc. closed the transaction. The company announced that it has 10,861,820 common shares of the Company (the “Shares”) at a price of CAD 0.10 per share for gross proceeds of CAD 1,086,182. The Company paid finder’s fees on the Offering to qualified finder’s of CAD 55,094.56 and 350,000 common shares. New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$681k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Negative equity (-CA$681k). Earnings have declined by 4.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (148% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.35m market cap, or US$1.71m). New Risk • Jul 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 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 Shares are highly illiquid. Earnings have declined by 0.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$645.9k market cap, or US$474.7k). Minor Risk Latest financial reports are more than 6 months old (reported November 2024 fiscal period end). Board Change • Jun 09
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 1 highly experienced director. No independent directors (5 non-independent directors). Member of Advisory Board Tim Hawthorne is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Duyuru • Jun 04
Supreme Critical Metals Inc. announced that it expects to receive CAD 0.3522 million in funding Supreme Critical Metals Inc. announced a non-brokered private placement of a maximum of 2,935,000 units of the company at a price of CAD 0.06 per unit for the gross proceeds of CAD 176,100 and 2,935,000 non- life units of the company at a price of CAD 0.06 per unit for the gross proceeds of CAD 176,100 for the total gross proceeds of CAD 352,200 on June 4, 2025. Each offered unit will consist of one common share of the company and one common share purchase warrant. Each whole warrant will be exercisable for a period of 24 months from the closing date and will entitle the holder thereof to purchase one additional common share prior to the expiry of the expiry period at an exercise price of CAD 0.08 per warrant. The securities issued pursuant to the listed issuer financing exemption will not be subject to a hold period, in accordance with applicable Canadian securities laws. Each non-LIFE unit will consist of one common share and one warrant, with each whole warrant entitling the holder thereof to purchase one additional common share prior to the expiry of the expiry period at an exercise price of CAD 0.08 per warrant. The closing of the offering and the concurrent offering is anticipated to occur on or about July 18, 2025, or such other date(s) as may be determined by the company, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the Canadian Securities Exchange. Duyuru • Feb 23
Supreme Critical Metals Inc. Announces CFO Changes Supreme Critical Metals Inc. announced the appointment of Chris Gulka as Chief Financial Officer after the resignation of Tatiana Kovaleva. The Company wishes Tatiana well in her retirement and thanks her for her services over the past many years. Christopher Gulka brings over 30 years of experience in capital markets and public markets. In 1999, he founded Working Capital Corporation, a corporate finance firm specializing in valuations, due diligence, corporate finance, and management consulting. Mr. Gulka's previous roles include serving as CFO and director of Inner Spirit Holdings Ltd., a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada, which was acquired by Sundial Growers Inc. in a transaction valued at approximately $130 million. Over the years, he has held CFO and director positions with various public companies across sectors such as mining, oil and gas, cannabis, and industrial. Formerly, Mr. Gulka worked as a Financial Securities Analyst at the Alberta Securities Commission and as a staff accountant at Ernst &Young. He holds a Bachelor of Commerce with Distinction from the University of Alberta (1990) and is a Chartered Financial Analyst (CFA) and Chartered Professional Accountant (CPA). New Risk • Dec 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$476k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$476k free cash flow). Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 0.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (128% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$898.8k market cap, or US$627.0k). New Risk • Dec 15
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (81% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$616.7k market cap, or US$433.2k). Board Change • Jul 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Allan Levien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 18
Victory Battery Metals Corp. announced that it expects to receive CAD 0.675 million in funding Victory Battery Metals Corp announced a non-brokered private placement of up to 20,454,545 units at an issue price of CAD 0.033 per unit for the gross proceeds of CAD 674,999.985 on July 17, 2024. Each unit consisting of one share and one-half a warrant. Each whole warrant entitles the holder to additional share for two years at a price of CAD 0.10. In connection with the offering, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange and applicable securities laws. The common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period. Duyuru • Apr 17
Victory Battery Metals Corp. announced that it expects to receive CAD 0.5 million in funding Victory Battery Metals Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 for the gross proceeds of CAD 500,000 on April 16, 2024. Each unit consisting of one share and one half a warrant. Each whole warrant entitles the holder to additional share for 2 years at a price of CAD 0.10. In connection with the Offering, the company may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange and applicable securities laws. The common shares and warrants comprising the units will be subject to a four-month and one-day hold period. New Risk • Mar 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.96m market cap, or US$1.45m). Duyuru • Feb 13
Victory Battery Metals Corp. announced that it expects to receive CAD 0.5 million in funding Victory Battery Metals Corp announced a private placement financing of up to 10,000,000 units at an issue price of CAD 0.05 per Unit for aggregate gross proceeds of up to CAD 500,000 on February 12, 2024. Under the Offering, each Unit will be comprised of one common share and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of CAD 0.065 per Common Share for a period of three years following the closing date of the Offering. In connection with the Offering, the Company may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the Canadian Securities Exchange (the “CSE”) and applicable securities laws. The Common Shares and Warrants comprising the Units will be subject to a four-month and one-day hold period. Duyuru • Jan 20
Victory Battery Metals Corp. announced that it expects to receive CAD 0.4 million in funding Victory Battery Metals Corp. announced a private placement of 8,000,000 units at a price of CAD 0.05 per warrant for the gross proceeds of CAD 400,000 on January 19, 2024. Each Unit will be comprised of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of CAD 0.065 per common share for a period of three years following the closing date of the offering, subject to accelerated expiry as described herein. The transaction is expected to occur on or about February 28, 2023. The transaction are subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including approval from the Canadian Securities Exchange. New Risk • Nov 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 102% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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$2.5m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.18m market cap, or US$864.0k). New Risk • Aug 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$2.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.08m market cap, or US$2.29m). Duyuru • Aug 04
Victory Battery Metals Corp. Announces Stingray Property Phase One Work Program to Focus on Ground Bordering Two Azimut Exploration Properties Victory Battery Metals Corp. excited to outline its phase one work program for its Stingray array, which will focus on its Lac Block and Riviere Block, directly to the east and south of Azimut Exploration Inc.’s Kaanaayaa and Corvet lithium properties, for which Rio Tinto Exploration Canada Inc. has just signed “two (2) Option to Joint Venture Agreements” with Azimut Exploration. The company announced that its exploration team has outlined a comprehensive work program highlights include: Helicopter access for a full team of up to four Geologists and four technicians to conduct comprehensive program. In deploying a large team, the program can be conducted with the most efficient and cost-effective use of helicopter support; Extensive review of Quebec Government lake sediment data is in progress to be followed by the prospecting and till sampling program on the ground Area of interest focuses on Victory’s Lac Block and Riviere Block which are bordered by Azimut’s Kaanaayaa and Corvet directly to the east and south; It must be noted that the crew and equipment have been selected, however, timing is dependent on the resolution of extensive forest fires in the area. The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been deformed by various orogens over time and contains gold, lithium, copper, zinc, and silver mineralization. CV5, Corvette Property, James Bay, Quebec, Spodumene Pegmatite is firmly established as the lithium pegmatite mineral resource in the Americas and the 8th globally. 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred, (0.40% Li2O cut-off grade). Based on 163 core holes totaling 56,385 m.2. New Risk • Jul 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$2.3m free cash flow). Earnings have declined by 4.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.47m market cap, or US$2.62m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Duyuru • Jul 18
Victory Battery Metals Corp. Provides Update on its Completed Work Program on its Georgia Lake Lithium Property in Ontario’s Proven and Highly Accessible Thunder Bay Lithium District Victory Battery Metals Corp. provided its shareholders with an update on the Company’s recently completed work program on its Georgia Lake Lithium property in Ontario’s proven and highly accessible Thunder Bay Lithium district. Victory’s exploration team has recently completed its summer work program on its Georgia Lake Lithium property and have identified a previously unmapped intrusive unit, a feldspar porphyry, and granitic rock trending towards the property. The significance of the newly noted discoveries is that they show the potential of the property to host previously unmapped intrusives (including pegmatites). There is one belt of intrusives striking northeast towards the property from the Rock Tech ground and two other granitic belts mapped as approaching the property from the east. From all indications, the newly found intrusive body is on trend with the southern of those granitic belts. The exploration team took a total of 62 soil and till samples. The bulk of the samples taken were commonly taken from 0.5 m depth along several east west lines across the southern part of the property. These lines are perpendicular to the dominant ice flow direction and down ice from the inferred intrusive trends. Some deeper till samples and a large, screened stream sediment were also taken. This sampling is intended to be an orientation survey towards a more thorough till sampling program. Pending lab assays from the just completed work program the company will finalize the next phase of development. Duyuru • Jun 27
Victory Battery Metals Corp. Plans Follow-Up Exploration on High-Grade Lithium Assay Results for Smokey Lithium Project Victory Battery Metals provided additional information from its Phase 2 drilling program at its Smokey Lithium Nevada property, demonstrating high-grade Li claystone mineralization over significant widths, comparing favorably to American Lithium's previously reported "high-grade" in-fill drilling results for their TLC claystone Li deposit. Victory is currently planning a follow-up exploration and drilling program on their 100% owned Smokey Lithium Project in Nevada, where a thick sequence of high-grade claystone lithium mineralization was reported in diamond drill hole 23-01. Highly attractive high-grade Li claystone deposits of the rich Esmerelda lithium belt in mining-friendly Nevada are represented by large volumes of open-pittable, near-surface, relatively flat laying, free digging lithium mineralization amenable to low-cost, sustainable mining methods. The current January 2023 Mineral Resource Estimate and Technical Report published recently by Stantec Consulting Services Inc. ("Stantec"), for American Lithium Corp.'s TLC deposit reported a Measured Resource of 4.2 Mt Lithium Carbonate Equivalent ("LCE") (860 Mt @ 924 ppm Li), an Indicated Resource of 4.63 Mt LCE (1192 Mt @ 727 ppm Li) and an Inferred Resource of 1.86 Mt LCE (486 Mt @ 713 ppm Li)using a cut-off grade of 500 ppm Li to an open pittable vertical depth limit of 274 meters. Victory is now planning to define the subsurface extensions of the thick claystone interval discovered in DDH 23-01. A geophysical approach will be taken to map basement faults and potentially conductive claystone units to outline the depth and continuity of favourable thick high-grade lithium claystone units present on the property prior to the next phase of drilling. Duyuru • Jun 15
Victory Battery Metals Announces the Drill Results from Its Phase 2 Drilling Program At Its Smokey Lithium Nevada Property Victory Battery Metals announced the drill results from its Phase 2 drilling program at its Smokey Lithium Nevada property, which include a strong correlation to its Phase 1 2022 drill program confirming a significant area of interest and positive indications for continued exploration. Highlights: Hole 23-01 – From 264 feet to end of hole 536.5 feet, intersected 695 parts per million (“ppm”) lithium in claystone, including 858 ppm Li over 210 feet from 327 feet to 537 feet, 1023 ppm Li over 137 feet from 391 feet to 528 feet, and 1267 ppm Li over 85 feet from 434 feet to 519 feet. Hole 23-01 maximum intercept of 1620 ppm Li occurred over 8 feet from 464 feet to 472 feet. Hole 23-01 compares favourably to Hole 22-09 from the company's previous drill program, correlating in lithology but with higher Li ppm values to 22-09, achieving a main objective of this drill program to test the bottom of the claystone, noting that 2022’s Hole-09 ended in significant claystone hosted lithium mineralization at 417 feet. Planned for a 3-hole program, the Company expanded to 4 holes as announced on 25 April 2023.1 Hole 23-02 reaching claystone at 11 feet and being terminated at 155 feet due to adverse ground conditions that involved swelling clay and the collapse of the hole. Hole 23-03 was drilled to a depth of 617.5 feet, averaging 218 ppm Li for 64.5 feet from 203.5 feet to 268 feet. Hole 23-05 intersected claystone at surface and averaging 303 ppm Li from surface to 220 feet, with highest intercepts of 620 ppm Li for 9.5 feet from 77.5 feet to 87 feet, 530 ppm Li for 9.5 feet from 134.5 feet to 144 feet, and 410 ppm Li for 9 feet from 192 feet to 201 feet. Analysis and Statement of Qualified Person: Drilling of the property is still at an early stage with 7 holes now completed. Strong lithium mineralization within claystone units of the Esmeralda Formation have been intersected at depth below gravel cover in holes 22-09 and 23-01. Encouragingly, the final hole of the spring 2023 program intersected mineralized claystone at surface in hole 23-05. This hole is a large step out from the mineralized area around 22-09 and 23-01. While the mineralization was hit in the first drill interval in 23-05, thin soil cover obscures the presence of these lithium mineralized claystone units at the ground surface. Hole 23-05 opens a new area for exploration of on the property and within the new extension to property recently staked. This portion of the property has not been a focus area from prospecting previously and when combined with the large extension to the property via the newly staked 2000+ acres of ground, a high priority target area presents itself. The at surface position of the claystones in 23-05 opens up a new avenue for exploration where, for instance, shallow soil sampling with an auger could be used to quickly map new areas of thinly concealed mineralization over a large area in the southwest portion of the property. The Company continues to analyze its overall results from all exploration activities, combining two drill programs, field mapping, surface sampling, and Tromino passive seismic studies, to develop the most complete picture for ongoing exploration plans at Smokey Lithium. The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined the project area is highly prospective. Duyuru • Jun 13
Victory Battery Metals Announces Expansion Plans for Its Smokey Lithium, Nevada Property Victory Battery Metals announced that the Company initiated expansion plans for its Smokey Lithium, Nevada property upon preliminary analysis of sequentially delivered drill program data, and that its exploration team continues to analyze the overall drill program findings. The Company continues to analyze its overall results from all exploration activities, including its most recent drill results combined with 2022 drilling, field mapping, surface sampling, and Tromino passive seismic studies, to develop the most complete picture for ongoing exploration plans at Smokey Lithium. The project area and surrounding lands show strong lithium mineralization with the Esmeralda Formation at surface. When combined with the highly encouraging results from Victory's first round drilling (com completed in 2022) the project area is highly prospective. Duyuru • Jun 06
Victory Battery Metals Corp. Announces Exploration Team Is Onsite Conducting Its Summer Exploration Program At Its Georgia Lake Lithium Project in the Thunder Bay Mining District, Ontario Victory Battery Metals Corp. announced the Company’s exploration team is onsite conducting its summer exploration program at its Georgia Lake Lithium Project in the Thunder Bay Mining District, Ontario. The current exploration program consists of prospecting and sampling, as well as rock, till and stream sediment sampling directed towards identifying geological or geochemical indicators of Li bearing pegmatites on the Georgia Lake Property, and has been designed to build upon the information below: Muscovite bearing granites are associated with lithium bearing pegmatites on Rock Tech’s property, which lies 1.8 km west of Victory Battery Metal’s Georgia Lake Property. The majority of the lithium bearing pegmatites occur within the metasediments which underlie both properties. These granites are shown to the south and east of the Georgia Lake Property on Pye’s 1965 regional map. This is the only mapping that has been done over Victory’s ground and is likely based on widely spaced traverses that would not have covered the area in detail and As the property is underlain by metasediments, and muscovite granites occur close to the property to the west, south and east, Victory considers the Georgia Lake Property to be highly prospective for Li bearing pegmatites overlooked during regional mapping. Duyuru • May 20
Victory Battery Metals Corp. announced that it expects to receive CAD 0.3 million in funding Victory Battery Metals Corp. announced a private placement financing of up to 6,000,000 units of the company at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 300,000 on May 19, 2023. Each unit will be composed of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of CAD 0.07 per common share for a period of two years following the closing date of the offering, subject to accelerated expiry as described herein. If, at any time, the closing price of the company's common shares is greater than CAD 0.20 per common share for 10 consecutive days, including days where there is no trading, the company may provide written notice to the holders that the expiry of the warrants shall be accelerated to a date that is not fewer than 30 days from the date of the warrant acceleration notice. In connection with the offering and as disclosed in the offering document, the company may pay finders' fees in cash, securities or a combination of both, as permitted by Canadian Securities Exchange policy and applicable securities laws. The closing date of the offering is expected to occur on or about May 25, 2023, or such later date or dates as the company may determine, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange. Duyuru • May 18
Victory Battery Metals Corp. Completes Initial Mag Survey of its Recently Expanded Tahlo Lake Property in British Columbia’s Prolific Babine Copper-Gold Porphyry District Victory Battery Metals Corp. has completed its initial mag survey of its recently expanded Tahlo Lake Property in British Columbia’s prolific Babine Copper-Gold Porphyry District. The Tahlo Lake Property, recently expanded to 1,688 hectares, is located 8 km northwest of American Eagle Gold's NAK Property and lies 16 km NW of the Morrison Deposit. The property overlies a significant NNW trending magnetometer high within the Hazelton Group rocks and is adjacent to the same NNW trending fault as the Morrison deposit and the historic Bell and Granisle Mines. The mag survey, conducted by Helicopter-borne high resolution aeromagnetic data, utilized geophysical instrumentation attached directly to the helicopter. The company choose to fly in a systematic low-level grid pattern with magnetic sensors mounted in a non-magnetic and non-conductive nose stinger configuration. Compared to conventional slung bird-type survey systems, this innovative design allowed the survey to be safely flown at reduced terrain clearance to minimize noise, improve resolution, and reduce the need for complex corrections to the data. Geophysical data and preparation of maps deployed industry standard Geosoft algorithms and mapping software to show the geomagnetic properties of the survey area. A regional geochemical survey silt sample in the center of the property returned over the 96th percentile for Cu and over the 98th percentile for Zn. The surrounding RGS samples form a cluster of elevated Cu and Zn values. Noranda reported a linear soil anomaly approximately 50 m x 500 m, trending NNW, with Cu values ranging from 60 to 720 ppm Cu to the southwest of the area drained by the highly anomalous silt sample site. Noranda never followed up on the anomaly and no work has been reported since. A regional till sample taken about half a kilometer east of the soil anomaly returned elevated Cu and highly anomalous Zn over the 98th percentile. A till sample about 2 km down ice from this site returned over the 95th percentile for Au. Another till sample on the newly staked property returned 49 ppb Au, which is over the 98th percentile for the region. Duyuru • Feb 16
Victory Battery Metals Corp. (CNSX : VR) acquired 280 New Claims in James Bay Lithium District for CAD 0.34 million. Victory Battery Metals Corp. (CNSX : VR) acquired 280 New Claims in James Bay Lithium District for CAD 0.34 million on February 15, 2023. As part of consideration, Victory Battery paid $100 and issued 3 million shares.
Victory Battery Metals Corp. (CNSX : VR) completed the acquisition of 280 New Claims in James Bay Lithium District on February 15, 2023. Duyuru • Feb 15
Victory Battery Metals Corp. Outlines Initial Plans for Its Stingray Exploration Program in James Bay Lithium District Victory Battery Metals Corp. announced initial plans related to future exploration on its Stingray Property array in the James Bay Lithium District, adjacent to Patriot Battery Metals (PMET) Corvette Lithium discoveries, and that the Company has closed the first tranche of its recently announced financing. Victory Resources has acquired a large ground position in an underexplored area within an emerging lithium district. The Stingray Project encompasses several claim blocks south of Patriot Battery Metals Corvette Property. The Stingray claim blocks range from adjacent to the Corvette to several kilometers away and span over 25 km of east to west strike length. Victory Resources intends to carry out an initial program of prospecting, reconnaissance mapping and geochemical sampling. The goal of the program would be to discover pegmatites similar to those reported on several nearby properties, such as the Corvette Lake North Property. The James Bay Region of Quebec is composed of the Superior Province. This Archean craton has been deformed by various orogens over time, creating large fault zones containing gold, lithium, copper, zinc, and silver mineralization. The majority of the new Stingray claims lie along the same rock unit that has been previously mapped by Patriot Battery Metals Inc., contains lithium-bearing pegmatites up to 20 km in length with Li2O values as high as 1280 ppm. Patriot Battery Metals Corvette property "hosts significant lithium potential highlighted by the 2.6 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083), 159.7 m at 1.65% Li2O (CV22-042), 131.2 m at 1.96% Li2O (CV22-100), and 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O (CV22-093)."2 The Company also announced that it has closed the first tranche of its previously announced private placement of units. 5,600,000 units were issued at $0.08 per unit. Each unit consists of one common share and one common share purchase warrant exercisable at $0.12 for a two year period, subject to the right of the Company to accelerate expiry upon 30 days' notice if the common shares trade at $0.17 or higher for a period of 10 days. One insider participated in this closing. The Company is relying upon exemptions contained in MI61-101 from the requirements for an independent evaluation and minority shareholder approval. Duyuru • Feb 07
Victory Battery Metals Corp. announced that it expects to receive CAD 2 million in funding Victory Battery Metals Corp. announced a private placement of up to 12.5 million units of the company at a price of CAD 0.08 per unit for aggregate gross proceeds of up to CAD 1 million and a concurrent placement of flow-through units for additional gross proceeds of up to CAD 1 million on February 7, 2023. Each unit will be composed of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of CAD 0.12 per common share for a period of two years following the closing date, subject to accelerated expiry as described herein. If, at any time, the closing price of the company's common shares is greater than CAD 0.17 per common share for 10 consecutive days, including days where there is no trading, the company may provide written notice to the holders that the expiry of the warrants shall be accelerated to a date that is not fewer than 30 days from the date of the warrant acceleration notice. In addition to the transaction, the company intends to complete a concurrent private placement of up to 6,666,667 units to certain insiders and other purchasers for aggregate gross proceeds of up to CAD 1 million. The flow-through units will be subject to a four-month-and-one-day hold period following the closing date. Each flow-through unit consists of one common share and one FT warrant exercisable for two years at CAD 0.15. If, at any time, the closing price of the corporation's common shares is greater than CAD 0.20 per common share for 10 consecutive days, including days where there is no trading, the corporation may provide written notice to the holders that the expiry of the FT warrants shall be accelerated to a date that is not fewer than 30 days from the date of the warrant acceleration notice. The closing dates of the transaction and the flow-through placement are expected to occur on or about February 20, 2023, or such later date or dates as the company may determine, and are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange. Duyuru • Dec 15
Victory Resources Corporation Finalizes Prime Locations for Drill Holes on Its Smokey Lithium, Nevada Property Victory Resources Corporation announced that the company's exploration team has completed an on-site geological program to finalize the location of drill holes on its Smokey Lithium, Nevada property, building upon the results from its comprehensive work to delineate the extent of lithium mineralization on Smokey Lithium grounds. The Company is now in the process of amending its drill permit application to include the new high quality drill targets. The proposed program seeks to extend strong lithium mineralization intersected previously on the property's hole 09, which was ended in strong, claystone hosted, lithium mineralization at 417 feet. Additional exploration goals of the drill program include drilling through the locally mineralized sediments above the Weepah Detachment Fault. This is important to grow Victory's understanding of a significant area of known lithium mineralisation including potentially important claystone hosted lithium discoveries made in 2017 by Jindalee Resources to the immediate south of the property. The exploration efforts of both Victory and Jindalee have shown that the most southern portion of the Smokey Valley is underlain by claystones, ashstones and mudstones of the Esmeralda Formation. This geology is critical for success in the region where large, blanket like mineralized sections have been recently found. Duyuru • Nov 30
Victory Resources Corporation (CNSX:VR) acquired 17 New Stingray Claims in Qubec for CAD 0.09 million. Victory Resources Corporation (CNSX:VR) acquired 17 New Stingray Claims in Qubec for CAD 0.09 million on November 29, 2022. The ownership of the claims has been acquired for a cash payment of CAD 7,000 and a total of 2.8 million shares.
Victory Resources Corporation (CNSX:VR) completed the acquisition of 17 New Stingray Claims in Qubec on November 29, 2022. Duyuru • Nov 16
Victory Stakes New Tahlo Lake Property in British Columbia's Babine Copper-Gold Porphyry District Victory Resources Corporation announce that the Company has staked the Tahlo Lake Property in British Columbia's prolific Babine Copper- Gold Porphyry District. The Tahlo Lake Property currently consists of 735 hectares 11 km NW of the NAK Property and 19 km NW of the Morrison Deposit. It is adjacent to the same NNW trending fault as the Morrison deposit and underlain by Jurassic Hazelton Group rocks. Babine porphyry deposits, such as NAK, Morrison, Bell and Granisle, are hosted by Jurassic strata and associated with major NNW trending faults. The property overlies a significant NNW trending magnetometer high within the Hazelton Group rocks. Porphyry Cu-Au mineralization in the Babine camp is often associated with mag highs. Tahlo Lake Property Highlights:735-hectare property lies within the Babine Copper-Gold Porphyry District that contains American Eagle's NAK Property. A regional geochemical survey silt sample in the center of the property returned over the 96th percentile for Cu and over the 98th percentile for Zn. Surrounding RGS samples form a cluster of elevated Cu and Zn values. Noranda reported a linear soil anomaly approximately 50 m x 500 m, trending NNW, with Cu values ranging from 60 to 720 ppm Cu to the southwest of the area drained by the highly anomalous silt sample site. Noranda never followed up on the anomaly and no work has been reported since. A regional till sample taken about half a kilometer east of the soil anomaly returned elevated Cu and highly anomalous Zn (>98th percentile). A till sample about 2 km down ice from this site, at the southern edge of the property, returned over the 95th percentile for Au. Another till sample site about 3 km down ice from the property returned 49 ppb Au, which is over the 98th percentile for the region. Duyuru • Nov 11
Victory Resources Corporation announced that it has received CAD 0.17215 million in funding On November 9, 2022, Victory Resources Corporation closed the transaction. The company issued 7,825,000 units for gross proceeds of CAD 172,150. Duyuru • Oct 21
Victory Exploration Team Expands Smokey Lithium Area of Interest and Provides Extensive Advancement Plan Victory Resources Corporation announced that the Company's exploration team has conducted and assessed the results from its comprehensive work to delineate its theorized lithium deposit on Smokey Lithium grounds Victory's Exploration team had theorized that based on the nearby Jindalee property; mineralized surface clays could be widespread similar to Clayton Valley. Due to the buried nature of these clays, some field mapping, surface sampling and 3 drill holes were carried out to confirm mineralized clay was in reach on Victory Ground. 1 of the 3 holes encountered mineralization, Hole 09, further validating Victory's theory for widespread buried mineralized clays, as announced on 31 May 2022 3 holes demonstrated the complexity of the subsurface structure and nature of the clays It was decided to hold off on any additional drilling until strategies could be deployed that would provide a better picture of the subsurface structure with respect to bedding dips, mineralized vs. non mineralized clay characteristics etc. and faults that would bound the deposit and or drop it too deep to be economically viable Exploration Findings & Analysis Following the drill program, the exploration team carried out additional detailed surface mapping of outcropping beds of lithium mineralized claystone, a detailed analysis of assay results on the various clay beds and finally a Tromino passive seismic survey to understand the faulting that would bound the deposit's edges. All of this data has been processed and converted to geologic cross sections and sophisticated maps, proprietary to the Company. Upon completion of the map work, a 2.5 sq km area (approx.) was identified as high priority for further exploration. This new Area of Interest (AOI) resides within 91 newly staked claims and is contiguous with the southwest part of the original claim block. Hole 09, which ended in mineralization, fits within the AOI. Action Steps to Advance the new Smokey Lithium AOI: Amend the existing and current permit to place holes on 1000 ft grid spacing over the AOI These holes will test the total mineralized depth of Hole 09 500-1000ft grid spacing away from mineralized hole 09, such a distance to grow a resource as well as manage risk. Duyuru • Oct 19
Victory Resources Corporation announced that it expects to receive CAD 2 million in funding Victory Resources Corporation announced a non-brokered private placement of flow-through units at a price of CAD 0.05 per unit and non-flow-through units at a price of CAD 0.022 per unit for total gross proceeds of up to CAD 2,000,000 on October 17, 2022. Each flow-through unit will consist of one common share and one common share purchase warrant, exercisable at CAD 0.07 for a period of twenty-four months and each non-flow-through unit consist of one common share of the company and one common share purchase warrant exercisable for a period of twenty-four months at an exercise price of CAD 0.05. The company reserves the right to accelerate the warrant expiry period upon thirty days’ notice if the shares trade at CAD 0.10 for a period of 10 consecutive days, including days where no trades occur. The company will pay finders' commission of 8% and 8% finders' warrants in respect to the non-flow-through unit offering, and a commission of 8% in respect to the flow-through unit offering. Duyuru • Aug 11
Victory Resources Corporation Received Results from Its Extensive Ground Sampling Program for Drill Hole Locations Victory Resources Corporation announced that the Company's exploration team has received results from its extensive ground sampling program, building upon favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the Company's Smokey Lithium Property in Nevada. As noted on June 28th, the ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to the Company locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of Company. The ground sample program, completed at the end of June 2022, delivered lithium-bearing claystones located at surface via hand sampling. One hundred sixteen hand samples were taken from the property and sent to ALS Labs. Lithium-bearing claystones at surface as high as 630 ppm were located on the southwest section of Victory's Smokey Lithium claim block. Based on the surface sampling results and the results of completed drilling at the property, Victory has identified multiple, highly lithium enriched claystone units. These mineralized claystones are contained the regionally prolific Esmeralda formation as well as in an overlying unit known as the Alum formation. This important result of the data and geologic compilations is allowing the targeting of drilling in positions to extend known lithium mineralization in both claystone formations. Duyuru • Jul 13
Victory Begins Work Program on Its Georgia Lake Lithium Project in Ontario Victory Resources Corporation announced that the Company's has begun its first work program on its recently acquired Georgia Lake Lithium Projectin the Thunder Bay Mining District, Ontario. The work program will be focused upon soil sampling and prospecting over a 10-day period to explore for lithium mineralization on Georgia Lake Project The program is aimed at identifying anomalous lithium values in soil to develop targets for follow-up exploration work which would then require an exploration permit and support from the local First Nations communities It is anticipated that results will follow within 6-weeks of the program, identifying the specific areas for permit application and community engagement related to future surface trenching and drilling. Duyuru • Jun 29
Victory Advances Smokey Lithium Exploration with Completed Ground Sample Program Victory Resources Corporation announced that the Company’s exploration team has completed an extensive ground sampling program, building upon favourable drill results, aimed at guiding prime drill locations for its next round of drilling on the Company’s Smokey Lithium Property in Nevada. The ground sampling program focused on sampling the Esmeralda Formation on and throughout the surrounding grounds of the Smokey Lithium property and has led to the Company locating a zone of higher values to the south and southwest. Mapping was done to locate controls on lithium clay deposition and locate clay beds, which have informed additional staking to protect the interests of Company. Duyuru • Jun 01
Victory Resources Corporation Announces Smokey Lithium Drill Program Results for Phase One, Including Lithium Values Up to 1270 Ppm Victory Resources Corporation announced that the Company's exploration team has received lab results from its phase one, three of 15-hole drill program and as a result of its analysis has staked additional ground based on its geologic model of the target lithium deposit. Victory executed an initial program of three drill holes with the goal aimed at locating lithium-bearing clays, similar to what has been discovered at surface by Jindalee, the neighboring property. A northeast/southwest oriented fault becomes obscure on either end as it trends into Victory's property. Victory's exploration team theorizes that an extension of the lithium bearing clays, identified by Jindalee, would likely exist under the Victory property. Victory's Phase One drilling program produced favorable results. This initial drill program was designed to look at a wider area of the property, measure the normal fault's displacement, and prove lithium deposits in the subsurface. Three holes were completed as previously announced: Holes 05, 09, and 15. Hole 05 encountered a large section of interesting clays from 120 to 158 feet. However, significantly enriched lithium was not encountered. Hole 05 is on the down-dropped side of the NE-SW striking normal fault. This mapped structure is thought to have displaced the known lithium bearing section to depths deeper than the exploration hole was advanced. Hole 09 ended in mineralization at 417 feet. The high single sample interval (1270 ppm) for Phase 1 was found at 377-381 feet. The lithium values for depths 325-417 feet range from 240-1270 ppm. The average lithium value from this portion is 640 ppm. From 373 to 409 feet, the average lithium value is 857 ppm. The aforementioned section of core was chosen because it has sampled intervals with lithium values greater than 1000 ppm. It must be noted that at 417 feet where drilling stopped, the lithium deposit was present, and at this time Victory does not have the information to determine the full depth of the intersected lithium mineralization. Hole 15, located on the down-dropped side of the fault, intersected 312 feet of poorly consolidated sands and sandy conglomerates. The target zone was not intersected and is now thought to occur at deeper levels due to the down dropping on the mapped normal fault. Duyuru • Apr 01
Victory Resources Corporation Completes Drilling Program on the Company's Smokey Lithium Property in Nevada Victory Resources Corporation announced that the Company's exploration team has completed its drilling program on the Company's Smokey Lithium Property in Nevada. As previously noted, the Company's initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept. As no drilling has occurred prior to this program on Smokey Lithium, is it important to sample each hole extensively until basic geochemical data has been acquired. The results given in the initial 3-hole program yielded variably results and are summarized below: SL-21-09 - Southwest, near the projected strike of the fault, intercepted 257 feet of alluvial material, followed by Esmeralda formation sediment through 417 feet. Although the Esmeralda formation was encountered. It consisted of a suite of varved siltstones with minimal claystone. SL-21-15 - Northeastern portion of the property, intercepted a total of 311 feet of complex alluvial materials. The position of this complex section of conglomerates, silty sandstones, and local clay matrix sedimentary breccias within the stratigraphy of the basin is being examined in detail. SL-21-05 - This hole, Approx. 700 yards northwest from Hole SL-21-09; Encountered Esmeralda claystone lithologies within 35 feet of the surface. This hole demonstrated lots of favorable lithologies for hosting lithium throughout most of the hole. Duyuru • Mar 05
Victory Resources Corporation Advances Smokey Lithium Drilling Program Victory Resources Corporation announced that the company's exploration team has advanced its drilling program on the Company's Smokey Lithium Property in Nevada, where its exploration team has identified drill targets that will determine whether a relationship exists to the high Li zone on the adjacent Jindalee property. As previously noted, the Company's initial 3 of 15-hole drilling exploration aims to prove its geologic concept, specifically, to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone, in order to discover the grade and thickness of an intercept. Progress to date indicates significant potential lithium-bearing claystone in the first of three holes drilled, based on visual assessment from the exploration team, with samples now being prepared and sent to ALS for assay. As no drilling has occurred prior to this program on Smokey Lithium it is important to sample each hole extensively until basic geochemical data has been acquired. The first hole has been drilled in the southwest part of the property near Jindalee's boundary and adjacent to the main fault structure to test Victory's theory related to the dropped down clays. Subsequent holes will be based on the results of the initial hole Drilled to total depth of 417ft, including unconsolidated surface materials, bands of olive- green clay, sandstone with pebble conglomerate, grey mud/clay semi-lithified and varved claystone, based upon visual review. It was decided to sample in 4 US ft per sample over the entire hole. Currently, the entire hole has been logged, RQD has been completed, and one-third currently sampled with the first round to be sent to ALS for assay. The Company anticipates a total of 100 samples for the first hole plus 10 standards/blanks inserted into the chain. Duyuru • Feb 04
Victory Resources Corporation Announces its Exploration Team Mobilized to Smokey Lithium Property in Nevada to Prepare the Property for Drilling Victory Resources Corporation announced that the company's exploration team has mobilized to the company's Smokey Lithium Property in Nevada to prepare the property for drilling. Smokey Lithium Drilling Strategy Highlights: The adjacent Jindalee property has a claystone unit outcropping on its land holdings that have assayed as high as 700 ppm Lithium at surface. The outcrop identified by Jindalee is cut by an east/northeast trending fault. The claystone beds have been dropped down into the valley and then covered by alluvial sand and gravel. Jindalee has completed their first phase drilling program and have identified claystone intersections on the dropped downside of the fault. Victory is pursuing a strategy based upon its theory that the down-dropped clay presents an opportunity to locate the extension of the lithium clays `buried at depth'· Deposits `buried at depth' are anticipated to be preserved from surface erosion and weathering. This may help to maintain grade and total thickness· The depths are unknown for locating the buried extension, and drilling will confirm both depths, grade, and nature of the deposit. Victory has permitted a total of 15 holes, designed in an array to provide maximum resource potential, the latitude to adjust based on results, and provide access nearest to known lithium occurrences at surface. A total of 3 holes will be drilled initially as Victory attempts to locate the buried/preserved claystone beds. The strategy will be to test along the Jindalee boundary margins, nearest to the fault line to reduce the depths required to reach clays and attempt to capture the full thickness of the claystone. Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's lithium project. Smokey Lithium is located 25 km northwest of Cypress' Clayton Valley Lithium Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, and Jindalee). The Smokey Lithium property is located 35 km west of Tonopah, Nevada within the Walker Lane trans tensional corridor on the western margin of the Basin and Range province. The property's geology consists of Miocene - Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement formation. The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 - 1.50 meters thick. The flat lying nature of the claystones, together with the frequent occurrence of transported cover requires drilling to fully validate and assess Smokey Lithium's potential as indicated by surface sampling. Duyuru • Jan 20
Victory Resources Corporation Announces Results Extensive IP Survey on Its Mal-Wen Project, Located in South-Central British Columbia Victory Resources Corporation announced that the results of the completed and extensive IP survey on its Mal-Wen project, located in south-central British Columbia, within the eastern belt of the Nicola Group. The 41.6 km IP survey, announced in November and completed in December, over the area of the Mal and Wen Prospects has outlined several significant chargeability anomalies. The exploration target is alkalic Cu-Au Porphyry style mineralization. The northern anomaly (the Mal East anomaly) is the highest priority target. It features a coincident chargeability and resistivity high covering an area in excess of 500 m by 500 m in an area with little outcrop. The nature of the anomaly is similar to that associated with the Mal Prospect (approximately 500 m to the west), but considerably larger and stronger. To the south, in the area of the Wen Prospect, are a pair of chargeability anomalies. The southernmost anomaly appears to be related to the mudstones mapped in that area. However, the chargeability high to the west of the Wen Prospect (the Wen West anomaly) is in an area of no outcrop and has a similar chargeability/resistivity response as the Wen Zone mineralization, though considerably larger and stronger. None of these anomalies have been drill tested. An inversion will be performed on the data to provide more accurate drill targeting. An application to drill has been submitted and it is expected a permit will be granted by the spring. Duyuru • Dec 24
Victory Resources Corporation Completes IP Survey on Its Mal-Wen Property Victory Resources Corporation announced that the Company has completed an extensive IP survey on its Mal-Wen project, located in south- central British Columbia, within the eastern belt of the Nicola Group. The 45 km (approximate) IP survey, announced in November, has been completed, over the Mal- Wen Property. Preliminary results from the northern part of the grid indicate that two significant IP anomalies occur about 600 to 900 m east of the Mal Prospect. The Mal East and Far East anomalies form linear chargeability /resistivity highs about 600 m long in a north-south direction. The Mal East and Far East anomalies are similar in nature, though larger and stronger than that seen in the vicinity of the Mal Prospect. The Mal East and Far East anomalies occur in an area with little outcrop that is largely covered with silt or till. The Mal Prospect features erratic Au and Cu mineralization associated with epidote-carbonate alteration and minor pyrite. Several drill programs have been carried out over the Mal Prospect, with the best reported results being 0.5 g/t Au over 8.8 m and 1.6% Cu over 6 m (true widths unknown). A 500 m drill program is proposed to test the Mal East and far East anomalies. More drilling may be recommended depending on the IP results from the southern half of the grid, which covers the Wen Prospect. Additionally, Victory Resources announces that it has abandoned the Loner property in Nevada and terminated its agreement with Silver Range Resources Ltd., removing the obligation for any further payments to Silver Range. The Loner Property was initially acquired on the strength of the hypothesis put forward by Silver Range, based on soil sampling, that there could be significant mineralization adjacent to and between the known veins. Drilling encountered both narrow, erratic high grade Au mineralization similar to that seen in the workings, and larger zones of alteration that locally featured subeconomic Au grades. The location and grade of these zones appears to explain the soil anomalies. The veins and alteration zones are too small and/or low grade to be of economic interest, and there is little evidence of them being related to a larger zone. Duyuru • Sep 21
Victory Resources Corporation's Exploration Efforts Building Momentum with Lithium Resurgance Victory Resources Corporation provided an update, reinforcing the Company's strategic efforts, led by its lithium exploration in Nevada. Victory's Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's lithium project. Smokey Lithium is located 25 km northwest of Noram's Zeus Li Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee). The Smokey Lithium property is located 35 Km west of Tonopah, Nevada within the Walker Lane trans tensional corridor on the western margin of the Basin and Range province. The property's geology consists of Miocene - Pliocene tuff deposits, claystones, and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement formation. The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10 - 1.50 meters thick. The flat lying nature of the claystones, together with the frequent occurrence of transported cover requires drilling to fully validate and assess Smokey Lithium's the potential as indicated by surface sampling. Duyuru • Sep 02
Victory Resources Corporation Provides Updates on Potential for Larger System with Loner Property, Additional Claims Staked Victory Resources Corporation announced that after extensive mapping, sampling and drilling on the Loner Property in Nevada, the Company's exploration team has staked 8 additional claims and is re-evaluating the system, which it believes could be larger than previously understood. Additional Claims and Results Highlights: In early July, a mapping project was conducted approximately 1 km to the north of the Loner drill-program in Pershing County, Nevada. Land was staked after two "grab" samples of mineralized rock were shown to contain over 1000 ppm silver. This most recent project lasted 9 days and resulted in the collection of 18 rock samples, 85 soil samples, and a generalized geologic map of the newly staked property. Field observations and current data indicate a larger system than previously thought. Drill Program Highlights: As previously outlined, the drill program was designed to accomplish two goals. First, it was intended to better characterize the mineralization exposed in the known workings. Second, drilling was intended to evaluate the 200m to 300m wide zone of anomalous soils identified by Silver Range Resources through principal component analysis. 496 meters of core were drilled in the granite on the southwestern block of the Loner property. Ten holes were drilled 50° SW to find subsurface veins similar to the previously worked areas nearby. Cores contained trace sulfides and quartz veining, but lab results showed anomalous gold throughout the granite adjacent to workings with erratic high-grade gold (up to 0.5 g/ton) in granite-
hosted quartz veins. Samples also returned elevated values of arsenic (up 1640 ppm). Outcomes: The Loner property was previously thought to be a local epithermal gold deposit, but the size and complexity of hydrothermal activity has led to a re-evaluation of the system. This system could be larger than previously thought if a relationship can be established between the silver-bearing sandstone and proximal gold-bearing granite. Assays of the soils and rocks collected throughout the property will reveal more information about the system. Results are expected within a month. The newly staked Loner property is comprised of arkosic sandstone, quartzite, intrusives, and alluvium Previous geologic maps have labeled these outcrops as the Cambrian-aged Harmony Formation and Cretaceous-aged intrusive group. All abandoned shafts on the property have only targeted the scarce mineralization exposed on the surface of the granite, but there is significantly more alteration present in the sandstone. Alteration is bounded by a thrust fault on the west and an unidentified contact between the granite and sandstone on the east. The two hand-samples that contained over 1000 ppm silver have other anomalous geochemical characteristics. While the rocks were collected from "float" the source has been identified as the altered arkosic sandstone outcrop. Hand samples contain elevated concentrations of arsenic, copper, lead, and antimony relative to drill-core samples in the southwestern corner of the property. Hand-samples contained ~200 ppm copper, ~3000 ppm lead, and ~650 ppm antimony. Arsenic and sulfur concentrations match values present in cores collected adjacent to the historical workings. Duyuru • Jul 15
Victory Resources Corporation Begins Mag Survey Program on its Lac Simard Property in Quebec Victory Resources Corporation announced that the Company has begun a mag survey program on its Lac Simard Property in Quebec. The Lac Simard Property is about 5 km south of Val-d'Or, Quebec. The Property abuts the southern edge of the Goldex claim block. There are 3 operating gold mines within 20 km of the Property including Agnico Eagle's Goldex Mine, 6 km north of the property, Agnico Eagle's Canadian Malartic Mine, 20 km northwest of the property, Lamaque property, 6 km north of the Lac Simard. Highlights of the Lac Simard Ground Magnetometer Survey: Abitibi Geophysics engaged to conduct a 60 km ground magnetometer survey over the west-central part of the Lac Simard Property Much of this area has seen little exploration, though several geophysical surveys and 11 drill holes are recorded on the west side of the property. Magnetometer surveys are a primary tool in determining the structure of a property, as well as outlining magnetic units. Structure exerts a primary control on the location of the gold deposits of the Val D'Or camp. Duyuru • Jul 03
Victory Sampling Program Reveals Highly Anomalous Zone with Readings Up to 1500 Ppm Li At Smokey Lithium Victory Resources Corporation announced strong initial results of its previously announced extensive sampling program on its Smokey Lithium property in Esmeralda County, Nevada. Sampling indicates several areas of high Li values in the claystones up to 1500 ppm Li; The southwest area of the Smokey Lithium property showed values well over 1000 ppm, Li sampling in this area revealed a highly anomalous zone approximately 1.5 km across; The central area also features elevated Li values and may be related to the high Li zone on the adjacent Jindalee Property. Victory's Smokey Lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's lithium project. Smokey Lithium is located 25 km northwest of Noram's Zeus Li Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee). Duyuru • Jun 16
Victory Launches Expanded Geological Sampling Program on Smokey Lithium Property Victory Resources Corporation announced that the company has launched an extensive geological sampling program on its recently acquired Smokey Lithium property in Esmeralda County, Nevada. Victory's team of 2 geologists has begun an extensive two-week sampling project on the Smokey Lithium property. The goal of the project is to sample the claystones using Laser Induced Breakdown Spectroscopy analyzers, as well as collecting verification samples for submission for lab analysis. Previous reconnaissance sampling by Victory Resources Corporation returned anomalous Li in claystone (i.e. >300 ppm Li) on the southwest part of the Smokey Lithium Property. The current sampling program will greatly expand coverage and knowledge on major areas of the Smokey Lithium Property where no previous sampling has occurred. During spring, 2021, the property was mapped by Victory geologists to gather the information to plan the current extensive sampling program. Pulps from previous sampling by Victory have been used to calibrate the LIBS analyzer, which will allow real time analysis of claystones on the property. These analyses will in turn guide an application for a proposed drill program. Confirmation samples will also be submitted to ALS for analysis. Victory's Smokey lithium project is a clay lithium property that lies approximately 20 miles north of Clayton Valley, and 20 miles west of American Lithium's lithium project. Smokey Lithium is located 25 km northwest of Noram's Zeus Li Project and 35 km southwest of American Lithium Corporation's Tonopah Lithium Claims Property in southwest Nevada. Esmeralda County Nevada is a prolific region for lithium clay deposits, (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee). Duyuru • May 28
Victory Resources Corporation Completes Sampling Program on Black Diablo Property in Nevada Victory Resources Corporation announced that its exploration team has completed a sampling program on the Company's Black Diablo property in Nevada. 72 soil samples and 22 rock samples were collected and submitted to ALS for analysis. The primary purpose of the sampling was to investigate whether the Black Diablo manganese oxide deposits are anomalous in Cu (copper). This area is considered to be a favorable tract for Cyprus style VMS deposits by the USGS (Peters, et al, 1996), such as the Cu rich Big Mike Deposit about 10 miles to the south of the property. Cyprus VMS deposits and Mn-oxide deposits in this tract are spatially and geologically associated. The single assay included in the Black Diablo MRDS by the USGS indicated a Cu value of 10,000 ppm Cu, which indicates the sample was at least 1% Cu. Franciscan Type Mn-oxide deposits often report trace Cu, so significantly higher Cu values may indicate the area is prospective for Cyprus style VMS. Sampling will also be looked at for indications of additional Mn-oxide mineralization in the area. While limited drilling has been done in the immediate vicinity of the Black Diablo Mine, no work has been documented on the rest of the property. Duyuru • May 20
Victory Completes Short Hole Drill Program At Loner Property Victory Resources Corporation announce that its exploration team has completed its short hole drill program on the Loner Property in Nevada. As previously outlined, the drill program was designed to accomplish two goals. First, it was intended to better characterize the mineralization exposed in the known workings. Second, drilling was intended to evaluate the 200m to 300m wide zone of anomalous soils identified by Silver Range Resources through principal component analysis. Specifically, drilling focused on the area of Au in soil anomalies to the south and east of the main workings, and other areas were evaluated as well. Loner Drill Program Details and Observations: Victory has completed a 10-hole, 496 metre drill program at the Loner Property, core samples have been assembled and submitted to ALS for analysis; The main purpose of the drilling was to test a gold in soil anomaly east of the southern workings; Drilling in that area encountered several zones of intensely altered (bleached and limonitic) granite cut by frequent quartz and/or limonite veinlets. Intersections of this style of alteration up to 5.9 m (within a 10.7 metre zone of less intense alteration and veining) were observed in drill core; The preliminary interpretation is that these are sub horizontal zones of faulting and brecciation that are associated with the steeply dipping gold bearing zones seen in the workings - assays are pending. If the assays indicate that these zones are gold bearing, it supports the hypothesis that the narrow steeply dipping zones described in the literature at the Loner are part of a larger gold bearing system. In this case, an expansion of the soil grid, trenching and more drilling would be recommended. Duyuru • May 17
Victory Resources Corporation announced that it has received CAD 1.233722 million in funding On May 17, 2021, Victory Resources Corporation (CNSX:VR) closed the transaction. The company has issued 17,624,593 units for gross proceeds of CAD 1,233,722 in the transaction. The company paid finder's fee of CAD 67,649 and issued 966,419 broker warrants. The securities issued will be subject to restriction period till September 14, 2021. Duyuru • Apr 29
Victory Resources Corporation announced that it expects to receive CAD 2 million in funding Victory Resources Corporation (CNSX:VR) announced a non-brokered private placement of 28,571,429 units at an issue price of CAD 0.07 per unit for gross proceeds of up to CAD 2,000,000 on April 28, 2021. Each unit consists of one common share and one warrant entitling the holder to subscribe for one additional common share at CAD 0.10 for 2 years from the date of closing. The company reserves the right to accelerate expiry date upon 30 days notice in the event the common shares trade at or above CAD 0.25 for 10 trading days, including days where no trades occur. Duyuru • Mar 12
Victory Resources Corporation Announces Recently Permitted 500M Short Hole Drill Program on the Loner Property in Nevada Victory Resources Corporation announced that the company is set to initiate its recently permitted 500m short hole drill program on the Loner Property in Nevada. Victory Resources is currently mobilizing its crew and equipment to the Loner Property to begin a 500m drill program. The geologist will be on site spotting holes and surveying sections beginning March 10th. It is expected the drill will be readied for drilling on the property the week of March 15th. Barring weather related delays, the drilling should be completed around mid- April. The first pass drilling program at Loner Property is intended to confirm intersections of gold- bearing quartz vein that correlates with historical underground mining and mapped surficial gold occurrences. It is anticipated the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions. Duyuru • Mar 09
Victory Resources Corporation announced that it has received CAD 0.6228 million in funding On March 8, 2021, Victory Resources Corporation (CNSX:VR) closed the transaction. The company issued 8,304,001 units for gross proceeds of CAD 622,800.075. The company paid finders fees to qualified finders of
CAD 28,464 and issued 379,520 broker warrants. The securities issued will be subject to a statutory hold period until July 9, 2021. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.08 per share until March 8, 2023. Duyuru • Feb 27
Victory Resources Corp. Ready to Launch Gold Drilling Program on Promising Nevada Property Victory Resources Corp. recently added additional funding to its coffers, which will be used, in part, to begin its first drilling program on the Loner Property in Nevada. It's a property that the company only recently optioned from Silver Range Resources in late December, and since optioning the property, Victory Resources has moved quickly to take full advantage of its exploration opportunities there with a carefully laid out 500-meter short hole drilling program. The company's planned drilling program is expected to begin next month (March 2021), weather permitting, now that Victory Resources has received the much-anticipated drilling permit for the project from the Nevada State Office of the Bureau of Land Management giving Victory Resources the go-ahead as announced this week. Additionally, the initial drilling program will evaluate the 200 to 300-meter-wide zone of anomalous soils
identified by Silver Range Resources through principal component analysis. Specifically, the company says that
its drilling operations will focus on the area of gold-in-soil anomalies to the south and east of the main
workings; however, Victory Resources expects to evaluate other areas as well. The company anticipates that the drill program will demonstrate broader mineralization across the width and depth of the occurrence which remains open in all directions. Previous reports state that the strong gold and arsenic geochemical anomalies are coincident with the exposed mineralization and historic workings. Duyuru • Feb 18
Victory Resources Applies for Drill Permit for Mal-Wen BC Property Victory Resources Corporation provided an update on its progress with its Mal-Wen property in British Columbia. Victory has applied for a permit to carry out an IP survey followed by a 1,000+ m drill program. Victory is exploring for an alkalic porphyry deposit on its Mal-Wen property about 30 km southeast of Merritt. The application covers the area of a magnetic domain bounding lineament interpreted by Victory to be a significant fault linking the Mal and Wen Prospects. This area is entirely covered by glaciolacustrine silts and till. Once the IP survey is completed, an inversion will be done on the data and any suitable targets will be drilled. Depending on the permit timing, Victory hopes to carry out the IP survey in late spring and drill the targets generated during summer. Duyuru • Feb 14
Victory Resources Corporation Provides Update on Advancement of the Company's Overall Strategy and Operational Plan in Nevada Victory Resources Corporation is providing an update on the advancement of the company's overall strategy and operational plan in Nevada. Recent exploration in the area includes the Goldbanks Project, an epithermal gold project about 12 miles to the south, and the Coronado VMS Project, which has been exploring for Cu on a property about 6 miles to the southeast of the Loner Property. The area of the Loner Property is prospective for both these styles of mineralization. In preparation the Company has engaged drill operations for the Loner property, which will begin to scale up following the receipt of the permit. The Company has announced that it has now posted a bond with the Nevada BLM and is in the final stages of the permitting process. Duyuru • Feb 04
Victory Resources Corporation to Provide an Exploration Update with an In-Depth Project Summary on its Mal-Wen Project Victory Resources Corporation provided an exploration update with an in-depth project summary on the Company's Mal-Wen project, located in south-central British Columbia, within the eastern belt of the Nicola Group. The Mal-Wen Property consists of 7 mineral claims with a total area of 1205.97 hectares that is located about 30 km southeast of Merritt in south-central British Columbia. The Mal-Wen Property is within the eastern belt of the Nicola Group, in south-central BC, which hosts numerous alkalic porphyry deposits, including the presently producing New Afton Mine and past producers Ajax and Copper Mountain. Outcomes from the fall 2020 program of mapping, sampling, prospecting and ground magnetometer surveys include: 1. The recognition that the Mal and Wen prospects are essentially similar zones of epidote carbonate alteration with locally high-grade Cu +/- Au mineralization, and may be part of the same system. 2. The magnetometer survey revealed a magnetic lineament that is interpreted to be a significant fault linking the Mal and Wen prospects. 3. The area between the Mal and Wen Prospects is almost entirely covered by till and glaciolacustrine material. 4. Strongly anomalous for Cu till samples (351 and 137.5 ppm) were collected down ice from the covered area between the Prospects. 5. The northernmost part of the area between the prospect features an untested IP anomaly from a 1968 survey. The entire area between the Mal and Wen Prospects should be covered by an IP survey and the resulting targets drilled. The Company conducted a program of mapping, sampling and prospecting, focusing on the area between the Mal and Wen Prospects, as well as a re-examination of the Mal Zone. The work was done from October 2 to October 6, 2020. A ground magnetometer survey covering the area from the Mal Prospect to the Wen Prospect was carried out at the same time and completed on October 8, 2020. It covered about 60-line kilometers. A re-examination of the Mal Prospect in light of recent work at the Wen Prospect indicates that both are essentially zones of epidote-carbonate alteration with locally high-grade Cu +/- Au mineralization, rather than distinct styles of alteration/mineralization. This suggests these could be related systems. A 1968 IP survey over the Mal Prospect indicates that it is in the same chargeability domain as a significant chargeability anomaly about 500 m to the east, referred to below as the East Mal IP anomaly. The results of the magnetometer survey indicate that the Wen zone occurs along the edge of a magnetic domain that continues to the northwest under till cover. This edge corresponds to a significant mag lineament that continues past the Mal Prospect and the East Mal IP anomaly. The mag lineament linking the Mal and the Wen Prospects is interpreted to be a significant regional fault. The area between the Mal and the Wen Prospects area is covered by till and probable lacustrine silts. Along the interpreted structure between the prospects is the East Mal IP anomaly, as well as a large mag low further south. Five till samples were collected from 2 sites northwest of the Wen Zone. Two of these samples were strongly anomalous for Cu (137.5 and 341 ppm). The regional ice flow direction in this area is generally to the SSE, suggesting that the source of the anomaly is to the NNW. The Mal and Wen Prospects may be peripheral expressions of a larger mineralized system that is mostly covered by overburden. Only the very northern part of this area has been covered by previous IP surveys (i.e., the area of the east Mal IP anomaly). An IP survey is proposed over the area between the Mal and Wen Prospects. Targets generated by the IP survey would then be drilled. The Mal-Wen Property consists of 7 mineral claims with a total area of 1205.97 hectares that is located about 30 km southeast of Merritt in south-central British Columbia. The Mal-Wen Property is within the eastern belt of the Nicola Group, in south-central BC, which hosts numerous alkalic porphyry deposits, including the presently producing New Afton Mine and past producers Ajax and Copper Mountain. Alkalic porphyry deposits are attractive exploration targets, as they can form large Cu deposits that are often enriched in Au relative to calc-alkalic porphyries. They are often lower in sulphides, which reduces their environmental risk. The BC Geological Survey has done considerable work in recent years evaluating this belt for its alkalic prophyry potential. The Mal-Wen property is prospective for this style of mineralization. There have been 6 drill programs and numerous geochemical and geophysical surveys on the Property targeting various styles of Cu-Au mineralization. The drill programs focused narrowly on high grade mineralization at the Mal and Wen Prospects, with relatively little work done elsewhere. The Wen Prospect vein is a chalcopyrite bearing quartz vein with erratic, locally high gold values up to 16.6 g/t over 6.55 m (true width 4.4 m). It is usually about 1 m thick, and grades between 0.5% and 1% Cu and under 1 g/t Au. A crude stockwork of quartz-carbonate veins occurs to the east of the Wen Vein. These veins locally feature specular hematite and/or chalcopyrite. They are hosted by fine grained, porphyritic gabbro. South of the stockwork zone is an epidote-carbonate matrix hydrothermal breccia featuring spotty Cu mineralization in the form of chalcopyrite with basalt and gabbro clasts. The stockwork zone and the higher-grade part of the breccia body together form a poorly defined zone of alteration and erratic mineralization at least 70 m wide and over 400 m in length. A significant copper in soil anomaly is associated with the Wen Zone and is open to the north. A subtle IP high that is associated with the Wen Zone mineralization may continue to the north as well. Mineralization at the Mal Prospect is a poorly characterized zone of Cu +/- Au mineralization together with strong epidote, carbonate +/- magnetite & pryite alteration. It is associated with a strong magnetic anomaly and a local chargeability high. Drilling in the 1960's was to the north of the main mag-IP anomaly, but it still reported an intersection of 1.62% Cu over 6 m. Drilling in 2003 returned 0.5 g/t Au over 8.8 m. Scientific and technical information contained in this press release was reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a ‘qualified person’ under NI 43-101. Duyuru • Jan 31
Victory Resources Corporation Finalizes its Planned Drill Program and Signs Contract for the Work to Begin Upon Finalization of Permit Victory Resources Corporation ('Victory' or the 'Company') announced that Victory has finalized its planned drill program and signed a contract for the work to begin upon finalization of permit. The planned program is for 7 to 10 diamond drill holes totalling 500m. The drilling is to accomplish two goals. Firstly, it is intended to better characterize the mineralization exposed in the known workings, which are mostly inaccessible. Secondly, drilling is intended to evaluate the 200m to 300m wide zone of anomalous soils identified by Silver Range Resources through principal component analysis. Specifically, drilling will focus on the area of Au in soil anomalies to the south and east of the main workings, though other areas will be evaluated as well. As previously announced, the project geologist and the driller did a reconnaissance of the Loner site on January 12th and determined that the access was adequate to mobilize the drill onto the site. The options for supplying the drill with water were assessed, along with possible staging locations and other logistical concerns. The driller felt the rock would be reasonably good to drill. Overall, no serious difficulties were seen, though winter weather is always a concern. Scientific and technical information contained in this was reviewed and approved by Mr. Helgi Sigurgeirson, Victory Geologist, and a "qualified person" under NI 43-101. The Loner Property is located 35 km south of Winnemucca in the southern Sonoma Range and currently consists of 16 Federal Lode Claims covering historic workings and exposed low-sulphidation gold mineralization. Recent exploration in the area includes the Goldbanks Project, an epithermal gold project about 12 miles to the south, and the Coronado VMS Project, which has been exploring for Cu on a property about 6 miles to the southeast of the Loner Property. The area of the Loner Property is prospective for both these styles of mineralization. Victory Resources has optioned the Loner Property from Silver Range Resources ("Silver Range") as announced on 23 December 2020. Duyuru • Jan 22
Victory Resources Corporation announced that it expects to receive CAD 0.5 million in funding Victory Resources Corporation (CNSX:VR) announced a non-brokered private placements of 6,666,666 units at a price of CAD 0.075 per unit, for gross proceeds of up to CAD 500,000 on January 21, 2021. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at CAD 0.08 for a period of two years, subject to the right to accelerate the expiry date in the event that the company's shares trade at CAD 0.15 or higher for 10 trading days, including trading days on which there was no trading. Duyuru • Jan 16
Victory Resources Corporation Conducts Reconnaissance on Loner Property in Nevada Victory Resources Corporation announced that the Company's project geologist and driller have conducted their reconnaissance toward the Company's anticipated 500 m short hole drill program on the Company's recently optioned Loner Property in Nevada as previously announced, permit depending. The project geologist and the driller did a reconnaissance of the Loner site on January 12, 2021 and determined that the access was adequate to mobilize the drill onto the site. The options for supplying the drill with water were assessed, along with possible staging locations and other logistical concerns. The driller felt the rock would be reasonably good to drill. Overall, no serious difficulties were seen, though winter weather is always a concern. Duyuru • Jan 08
Victory Resources Corporation Files Notice of Operations for Loner Property in Nevada Victory Resources Corporation announced that it has filed a "Notice of Operations" toward permitting for a 500m short hole drill program on the Company's recently optioned Loner Property in Nevada, schedule to begin in late January, permit depending. Victory has filed "Notice of Operations" toward permitting for commencement of drilling on Loner Property. First pass drilling program aims to confirm intersections of gold-bearing quartz vein with historical workings. Permit pending, Victory intends to begin 500m short-hole drill program in late January. Duyuru • Dec 22
Victory Resources Corporation Appoints David Deering to Its Board of Directors and to the Role of VP Exploration Victory Resources Corporation announced the appointment of Mr. David Deering to its Board of Directors and to the role of VP Exploration. Mr. Deering vast experience includes roles such as President & CEO, Meadow Bay Capital Corporation and as consulting engineer for companies such as MINDEVINC and Pamicon Developments.