Duyuru • Apr 22
Nuinsco Resources Limited, Annual General Meeting, Jun 30, 2026 Nuinsco Resources Limited, Annual General Meeting, Jun 30, 2026. Location: ontario, toronto Canada New Risk • Feb 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 (76% average weekly change). Negative equity (-CA$2.5m). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.27m market cap, or US$4.62m). Duyuru • Feb 08
Nuinsco Resources Limited announced that it has received CAD 1.125 million in funding On February 6, 2026, Nuinsco Resources Limited closed the transaction. The company issued 101,820,000 flow-through common shares at a price of CAD 0.005 per share for gross proceeds of CAD 509,100; and 50,000,000 common shares at a price of CAD 0.005 per share for gross proceeds of CAD 250,000 in the final tranche. In connection with the final tranche of the offering, an agent received aggregate cash fees of CAD 7,000 plus non-transferable broker warrants entitling the holder to acquire 1,400,000 common shares in the aggregate. Each broker warrant is exercisable to acquire one common share of the company at a price of CAD 0.005 per share until August 6, 2027. New Risk • Jan 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor 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 (51% average weekly change). Negative equity (-CA$2.5m). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.84m market cap, or US$4.20m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Duyuru • Jan 09
Nuinsco Resources Limited announced that it has received CAD 0.3659 million in funding On January 8, 2026, Nuinsco Resources Limited closed the transaction. The offering consists of 73,180,000 Common Shares of the company at a price per share of CAD 0.005 for gross proceeds of CAD 365,900. 61,000,000 Shares qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act. The flow-through shares will be renounced with an effective date no later than December 31, 2025, to the initial purchasers in an aggregate amount not less than the gross proceeds raised; 12,180,000 Shares are not flow-through shares. None of the securities offered in the Offering have been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. New Risk • Nov 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$70k 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$70k free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$2.5m). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.08m market cap, or US$2.21m). Duyuru • Aug 05
Nuinsco Resources Limited, Annual General Meeting, Oct 02, 2025 Nuinsco Resources Limited, Annual General Meeting, Oct 02, 2025. Location: ontario, toronto Canada Board Change • Jun 17
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. 2 non-independent directors. Independent Director Bob Wardell 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. New Risk • Jan 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor 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 Negative equity (-CA$2.3m). Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.23m market cap, or US$2.94m). Minor Risk Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Duyuru • Jan 03
Nuinsco Resources Limited announced that it has received CAD 0.0405 million in funding On January 2, 2025 Nuinsco Resources Limited closed the transaction and issued 8,100,000 flow-through common share at issue price of CAD 0.005 per share for proceeds of CAD 40.500. Duyuru • Dec 12
Nuinsco Resources Limited announced a financing transaction Nuinsco Resources Limited announced a non-brokered private placement of to issue up to 100,000,000 Flow-Through Shares and Common Shares, dependent on investor demand, priced at CAD 0.005 to receive funding on December 11, 2024. The Private Placement is expected to close on or about December 26, 2024. Board Change • Dec 05
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. 2 non-independent directors. Independent Director Bob Wardell 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. New Risk • Sep 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor 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$262k free cash flow). Share price has been highly volatile over the past 3 months (61% average weekly change). Negative equity (-CA$2.2m). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.94m market cap, or US$2.18m). Minor Risk Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Duyuru • Jul 08
Nuinsco Resources Limited Announces Appointment of Alastair Neill to the Board of Directors Nuinsco Resources Limited announced the appointment, effective immediately, of Mr. Alastair Neill to the board of directors to the Company. Mr. Neill has been engaged in the specialty and critical business for almost 30 years. This experience makes him a tremendous resource to the Company as the critical minerals sector undergoes rapid evolution and expansion. His knowledge and understanding of the complex critical metals marketplace will be of enormous value and will provide context for decision making. Mr. Neill has held senior management positions responsible for sale and purchase, product development, marketing, R&D, and business development of several rare earth enterprises in North America and Asia, including spending 10 years on-site in China and Mongolia. Duyuru • May 26
Nuinsco Resources Limited Identifies High Grade Apatite Mineralization At the Prairie Lake Critical Minerals Project Nuinsco Resources Limited announced that results from the re-logging of drill core and a review of historic data indicate the presence of higher grade domains of phosphate/apatite mineralization at the Prairie Lake Critical Minerals and phosphate project than reported in the Company's mineral resource estimate dated May 31, 2022 which could have a positive impact on the Prairie Lake resource. The Study identified the presence of substantial domains of phoscorite rock containing higher-grade phosphate mineralization associated with elevated content of the mineral apatite. This indicates the potential for larger domains of high-grade phosphate and REEs occurring within the already very large Critical Minerals MRE at the Project. In places, abundant phoscorite rock with apatite mineralization is observed over tens of metres in drill core resulting in sizeable, measured intersections with phosphate and REE grades substantially higher than the average grade of the MRE. Prairie Lake, located near Terrace Bay, Ont., has amongst the world's highest known light rare earth element content in apatite and contains a host of other REE bearing minerals, as well as niobium-bearing pyrochlore, and phosphate mineralization. Metallurgical studies to date demonstrate that a clean phosphate concentrate, grading 26% P2O5 at 76% recovery with ample room for improvement, and with valuable rare earth element co-concentrate, can be reliably produced from Prairie Lake feed. The Prairie Lake project contains a large, well-located resource of critical minerals in North America. It is a potential source of elements needed for applications in transportation, power distribution, green technologies and a host of other applications, including agriculture. It is of immense value to a secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Marathon, Terrace Bay and other affected communities - all able to supply a local, skilled workforce. All weather forest access road crossing the project and deposit. Paved Highways 17 and 11 to the south and north Canadian Pacific Railway and Canadian National Railway networks. High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste. Marie, able to handle ocean going ships. The Marathon airport. Recent Insider Transactions • Mar 12
CEO, President recently sold CA$125k worth of stock On the 8th of March, Paul Jones sold around 3m shares on-market at roughly CA$0.05 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Paul has been a net seller over the last 12 months, reducing personal holdings by CA$130k. New Risk • Nov 29
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$900k 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$900k free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Negative equity (-CA$1.4m). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.22m market cap, or US$2.37m). Minor Risk Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Duyuru • Oct 26
Nuinsco Resources Limited Investigates High-Grade Niobium Target Areas At Prairie Lake Critical Minerals Project Nuinsco Resources Limited announced initial results of a review of high-grade niobium target areas at its Prairie Lake Critical Minerals and phosphate project located near Terrace Bay, Ontario. Niobium is viewed as a potential by-product or co-product to the phosphate and rare earth element mineralization occurring at the Project. The principal application of niobium is as an additive, in small quantities, to steel where it imparts strength resulting in reduced weight; significantly in the case of automobiles this leads to reduced carbon emissions. The current review is examining the large analytical inventory available to the Company from its historic and current exploration and evaluation activities. Work programs commissioned by the Company have produced a database containing 7,437 geochemical analyses from trenches and diamond drill holes, comprising a total of 10.5 kilometres of sampling in the richly endowed rocks of the Project. At present the bulk of the anomalous analyses are concentrated in the southwest part of the Prairie Lake Complex in a domain more than 500m in length and tens of metres wide, but higher-grade niobium occurs elsewhere as well. The lack of sampling over large areas of the Complex provides ample opportunity for additional success in identifying niobium mineralization in addition to the Project's extraordinary phosphate and rare earth element endowment. Niobium has a wealth of industrial uses with few or no substitutes; demand is anticipated to increase significantly in the coming years. About 90% of niobium is used to meet demand for steel making where it increases strength and reduces weight in such applications as structural steel in buildings, oil and gas pipelines, automobile manufacture, ships hulls, and railway tracks. Since less steel is needed to achieve the same result in an application carbon emissions and environmental impact are significantly reduced. It is also used as a superalloy additive providing heat and corrosion resistance in jet engines, in superconducting magnets in medical imaging machines and magnetic levitation transport, and as capacitors in electrical circuits. Niobium is identified as a Critical Mineral under the Canadian Minerals and Metals Plan and Canadian Critical Minerals Strategy. Niobium is found throughout the Prairie Lake intrusion where it occurs primarily in the mineral pyrochlore-betafite. The presence of the higher-grade niobium bearing domain within the recently released very large mineral resource estimate ("MRE") envelope of phosphate - rare earth element mineralization on the Project is an additional indication of the significance of the Project and the mineral and economic potential contained within it. Prairie Lake contains a very large, well-located resource of critical minerals in North America. It is a potential source of elements needed for applications in transportation, power distribution, green technologies and a host of other applications, including agriculture. It is of immense value to secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The larger towns of Marathon, Terrace Bay as well as other nearby communities - all able to supply a local, skilled workforce. All-weather forest access road crossing the project. Paved Highways 17 and 11 to the south and north of the project. Canadian Pacific Railway and Canadian National Railway networks. High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste. Marie. All able to handle ocean going ships. The Marathon airport. Duyuru • Sep 15
Nuinsco Resources Limited Announces Additional Geological Mapping and Sampling Is Being Conducted At Its Prairie Lake Critical Minerals and Phosphate Project Located Near Terrace Bay, Ontario Nuinsco Resources Limited announced that additional geological mapping and sampling is being conducted at its Prairie Lake Critical Minerals and phosphate project located near Terrace Bay, Ontario ("Prairie Lake" or the "Project"). The field work is focussing on the northern part of the Prairie Lake Complex; an area that has seen little past exploration. The area is north of the domains hosting the very significant mineral resource estimate ("MRE"), as reported on 31 May 2022 and tabulated below, currently comprising nearly 890Mt of identified Critical Minerals endowment. The deposit has amongst the world's highest known light rare earth element ("LREE") content in apatite and contains other REE bearing minerals including monazite, bastnaesite, carbocernaite/burbankite, and ancylite, as well as niobium-bearing pyrochlore. other applications, including agriculture. It is of immense value to a secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Marathon, Terrace Bay and other affected communities - all able to supply a local, skilled workforce. All weather forest access road crossing the project. Paved Highways 17 and 11 to the south and north. Canadian Pacific Railway and Canadian National Railway networks. High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste. Marie, able to handle ocean going ships. The Marathon airport. Laura Giroux, P.Geo, Chief Geologist, acts as Nuinsco's Qualified Person under National Instrument 43-101. Ms. Giroux has reviewed and approved the technical contents of this news release. Duyuru • Sep 02
Nuinsco Resources Limited announced that it has received CAD 0.11448 million in funding Nuinsco Resources Limited announced a non-brokered private placement of up to 17,887,500 units at a price of CAD 0.0064 per unit for the aggregate gross proceeds of CAD 114,480 on August 31, 2023. The funding was raised in two tranches. Each unit consisted of one common share of the company and one-half of one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 36 months from the issue date. New Risk • Aug 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor 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$703k free cash flow). Share price has been highly volatile over the past 3 months (77% average weekly change). Negative equity (-CA$1.3m). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.88m market cap, or US$2.12m). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Duyuru • Jan 31
Nuinsco Resources Limited Commences New Phase of Metallurgical Studies at its Prairie Lake Critical Minerals and Phosphate Project Located Near Terrace Bay, Ontario Nuinsco Resources Limited announced that it has commenced a new phase of metallurgical studies at its Prairie Lake critical minerals and phosphate project located near Terrace Bay, Ontario ("Prairie Lake" or the "Project"). The new program follows from very successful earlier metallurgical work that demonstrated the Prairie Lake carbonatite can produce phosphate concentrate that exceeds 30% P2O5, suitable for use in agricultural applications with substantial rare earth element ("REE") content, indicating excellent potential for economic viability. A 250kg sample of blended carbonatite-ijolite rock from the Prairie Lake project has been sent to SGS Laboratories Lakefield, Ontario facility where it will be evaluated through a series of studies. The intent of the current program is further understanding into mineralogical, chemical and physical characteristics of the rock that will provide more detailed insight into processing and concentration of the Prairie Lake feed. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Jim Franklin was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 19
Nuinsco Resources Limited Files 43101 Technical Report for Prairie Lake Critical Minerals & Phosphate Project Nuinsco Resources Limited announced the filing of a National Instrument 43101 ("NI 43101") Technical Report (the "Technical Report") for the initial Mineral Resource Estimate ("MRE") for the Prairie Lake Critical Minerals and Phosphate Project located near Terrace Bay, Ontario ("Prairie Lake" or the "Project"). 871.8 million tonne Inferred Mineral Resource including 2.01 kg/t total rare earth oxides ("TREO"), plus niobium and phosphate. 15.6 million tonne Indicated Mineral Resource including 1.67 kg/t TREO, plus niobium and phosphate. ubstantial potential remains to expand and upgrade the MRE. Situated in Ontario, Canada, a stable, mining friendly, jurisdiction - a potential key North American source of Critical Minerals to meet an anticipated enormous expansion in demand for such products. Project is exceptionally close to the TransCanada Highway, rail, electrical power, and shipping infrastructure. The Prairie Lake MRE was conducted in accordance with NI 43101 standards of disclosure and the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and Best Practices (2019). The Project benefits from a location in a politically stable jurisdiction; is exceptionally well located near available rail, road, shipping, and power infrastructure; and is ideally placed in North America with respect to current supply chain concerns for critical minerals. The mineralization of economic interest contained within the Prairie Lake complex occurs at surface and extends to unknown depths below the deepest drilling yet conducted (circa 525 metres vertically). There is no indication that mineralization diminishes with depth and is known to occur at surface throughout the extents of the complex. Prairie Lake consists of 46 mineral claims covering an area of ~630 ha and is superbly located, easily accessed by an allweather road from the TransCanada Highway located 28 kilometres to the south. The MRE for the Project is based on 73 inclined diamond drill holes performed between 1969 and 2010 totalling 12,180 metres. Additionally 2,068 metres of surface trenching is included in the MRE. A total of 5,409 drill core samples and 1,042 channel samples are incorporated into the MRE, excluding QA/QC samples. A composite length of 1.5 metres was used and they were capped as follows: 1,850 g/t Nd2O3, 250 g/t Pr6O11, no cap Sc2O3, 1% Nb2O5, 14% P2O5, 3,700 g/t CeO2, 1,700 g/t La2O3, 520 g/t Sm2O3, no cap Ta2O5 and 570 g/t Y2O3. Grade interpolation was undertaken with the ID2 method on 10m x 10m x 10m blocks. Indicated Mineral Resources were classified within a 55m x 55m x 40m search ellipse and three drill holes while Inferred Mineral Resources were classified in two passes with a 110m x 110m x 80m search ellipse with two drill holes and subsequently a 220m x 220 m x 160m search ellipse with one drill hole. Historical drill core analyses were performed by Xray Assay Laboratories (Don Mills, Ontario) and Bondar Clegg and Company Ltd. (Ottawa, Ontario). All analyses since 2007 have been performed at Activation Laboratories in Ancaster, Ontario (ISO/IEC 17025:2005); samples were delivered to the Activation Laboratories facility in Thunder Bay (ISO/IEC 17025:2005), Ontario for preparation and onward delivery to Ancaster. Duyuru • Jun 16
Nuinsco Resources Limited Provides Update to Initial Mineral Resource Estimate on Prairie Lake Critical Minerals and Phosphate Project Nuinsco Resources Limited announced initial Mineral Resource Estimate on its Prairie Lake Critical Minerals and Phosphate Project located near Terrace Bay, Ontario, Canada. The significance of the size of the Prairie Lake MRE and the implications of this for a large, secure, domestic supply of Critical Minerals is readily apparent. Reports of expanding demand for such minerals, in a myriad of applications in transportation, power distribution, green technologies and a host of others are innumerable. In fact demand has already begun to expand and is projected to increase rapidly in the coming years. A large, well located, source of Critical Minerals in North America is of immense added value to the security of the supply chain; an issue identified by both the Canadian and US governments both of which are attempting to address with incentives and programs to encourage development of the Critical Minerals sector. The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Terrace Bay and Marathon and other smaller villages, able to supply a local workforce and equipment. Highway 17 and Highway 11. Canadian Pacific Railway and Canadian National Railway networks. Highcapacity electrical power transmission line. Deepwater ports at Thunder Bay and Sault Ste. Marie, able to handle ocean going ships. The Government of Canada has identified 31 Critical Minerals, including the REEs and niobium identified at Prairie Lake, that are considered essential for the sustainable economic success of Canada and its allies under its Canadian Minerals and Metals Plan. As part of its commitment under the CMMP, the Government is identifying initiatives designed to bolster Canadian Critical Minerals projects and supply chain development to help advance the competitiveness of the country's minerals and metals sector. The Prairie Lake MRE was conducted in accordance with National Instrument 43101 standards of disclosure and the CIM Definition Standards for Mineral Resources and Mineral Reserves. The Project consists of 46 mineral claims covering an area of 630 ha and is superbly located in a politically stable jurisdiction; is exceptionally well located near available rail, road, shipping, and power infrastructure; and is ideally placed in North America with respect to current supply chain concerns for critical minerals. The mineralization of economic interest contained within the Prairie Lake complex occurs at surface and extends to unknown depths below the deepest drilling yet conducted. There is no indication that mineralization diminishes with depth and is known to occur at surface throughout the extents of the complex. Duyuru • Jun 02
Nuinsco Resources Limited Announces Initial Mineral Resource Estimate on the Prairie Lake Critical Minerals & Phosphate Project Nuinsco Resources Limited announced an initial Mineral Resource Estimate on its Prairie Lake Critical Minerals and Phosphate Project located near Terrace Bay, Ontario. As tabulated below, the pit constrained MRE consists of a 15.6 million tonne Indicated Mineral Resource and a very large 871.8 million tonne Inferred Mineral Resource in accordance with National Instrument 43101. The MRE also includes niobium and phosphate in oxides which, along with the TREO, are expected to be key drivers of a Preliminary Economic Assessment on the Project that will commence shortly. The Prairie Lake MRE was conducted in accordance with National Instrument 43101 ("NI 43101") standards of disclosure and the CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014). The Project benefits from a location in a politically stable jurisdiction; is exceptionally well located near available rail, road, shipping, and power infrastructure; and is ideally placed in North America with respect to current supply chain concerns for critical minerals. The Prairie Lake project consists of 46 mineral claims covering an area of ~630 ha and is superbly located, easily accessed by an allweather road from the TransCanada Highway located 28 kilometres to the south. The MRE for the Prairie Lake project is based on 73 inclined diamond drill holes performed between 1969 and 2010 totalling 12,180 metres. Additionally 2,068 metres of surface trenching is included in the Mineral Resource Estimate. A total of 5,409 drill core samples and 1,042 channel samples are incorporated into the MRE, excluding QA/QC samples. A length of 1.5 metres was used for composites and they were capped as follows: 1,850 g/t Nd2O3, 250 g/t Pr6O11,no cap Sc2O3, 1% Nb2O5, 14% P2O5, 3,700 g/t CeO2, 1,700 g/t La2O3, 520 g/t Sm2O3, no cap Ta2O5 and 570 g/t Y2O3. Grade interpolation was undertaken with the ID2 method on 10m x 10m x 10m blocks. Indicated Mineral Resources were classified within a 55m x 55m x 40m search ellipse and three drill holes while Inferred Mineral Resources were classified in two passes with a 110m x 110m x 80m search ellipse with two drill holes and subsequently a 220m x 220 m x 160m search ellipse with one drill hole. Historical analyses were performed by Xray Assay Laboratories (Don Mills, Ontario) and Bondar Clegg and Company Ltd. (Ottawa, Ontario). All analyses since 2007 have been performed at Activation Laboratories in Ancaster, Ontario (ISO/IEC 17025:2005); samples were delivered to the Activation Laboratories facility in Thunder Bay (ISO/IEC 17025:2005), Ontario for preparation and onward delivery to Ancaster. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Director Jim Franklin was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 24
Nuinsco Provides Update on Prairie Lake Critical Minerals & Phosphate Project and Maiden Resource Estimate Nuinsco Resources Limited provided an update on progress at its Prairie Lake Critical Minerals and phosphate project located near Terrace Bay, Ontario. Throughout 2021 the Company completed a substantial program of drill hole sampling that produced a number of significant continuous intersections of 100m or more containing rare earth elements ("REE"s), niobium, tantalum and phosphate mineralization; this mineralization commences at or near surface and none of the intersections are closed off at depth. Other recent work at the Project included mineralogical studies to develop increased understanding of distribution of minerals and elements of economic interest. Metallurgical studies have demonstrated the potential to significantly upgrade the neodymium and other REE grades in concentrate. All of this work is now being used to prepare a maiden mineral resource estimate ("MRE") under NI 43101 and subsequent economic evaluation of Prairie Lake. The Project benefits from being in a politically stable jurisdiction; is exceptionally located near to available rail, road, shipping, and power infrastructure; and is ideally placed in North America with respect to current supply chain concerns for critical minerals. The recent work conducted by the Company focused on expanding the mineralized intersections in the SW Area. The SW Area is more than one kilometre in length, between 100m and 750m wide and contains an Exploration Target of 435530 Mt of rock endowed with critical elements of economic interest. Recent mineralogical studies commissioned by the Company have identified a suite of REEbearing minerals including apatite, monazite, bastnaesite, carbocernaite/burbankite, and ancylite, and niobiumbearing pyrochlore in the rocks of the complex. Understanding the mineralogy of the critical elementbearing phases is central to obtaining positive results from potential extractive processes that might be applied to exploit Prairie Lake mineralization. Prairie Lake hosts a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan ("CMMP"), including: Phosphate (P2O5) - trading at circa $173/t (phosphate concentrate). This compound has enormous agricultural applications as a fundamental component of fertilizers (it is the P in the NPK rating of fertilizer). As such it is central to global food production. Global phosphate shipments (all applications) are approximately 72Mt per annum and are expected to expand as the global population increases and greater food production is required. In late 2019, Nuinsco received a listing by the Organic Materials Review Institute (https://www.omri.org/) of the project's calcium carbonate rock for use in organic food production or food processing and handling according to the USDA's National Organic Program regulations, yet another indication of Prairie Lake's increasing value. Phosphatebearing calcium carbonate rock (also known as phosrock) such as is found at Prairie Lake can be used as a soil amendment to revitalize land which has lost its fertility as a result of excessive chemical farming. Niobium (Nb) - trading at circa $50/kg (Nb205 in concentrate). This element has broad applications in structural steel and in the transportation sector. Nb added to steel produces lightweight and strong alloys that reduce vehicle and aircraft weight and material requirements in buildings and structures, thus improving energy efficiency and reducing adverse environmental emissions. Tantalum (Ta) - trading at circa $250/kg (Ta205 in concentrate). The most significant use for tantalum is in the production of electronic components used in mobile phones, computers, and automobiles. It is also used to produce alloys with applications in aerospace, processing equipment, and medicine. Neodymium (Nd) - trading at circa $190/kg (Ndoxide 99.5% pure). This element is central to the development and production of permanent magnets used in traditional, electric and hybrid vehicles and wind turbines. Demand for these applications is projected to expand substantially with the electrification of the global vehicle fleet and expansion of the capacity for renewable electricpower generation worldwide. Scandium (Sc) - trading at circa $1,250/kg (Scoxide 99.9% pure). Scandium has applications in fuelcell technology, lighting components, and is alloyed with aluminum to impart heatresistance and strength where it is used in aerospace components. Greatly expanded use in aerospace and automobile sectors is projected with the expansion of supply. In addition to the elements listed above, Prairie Lake contains substantial grades of lanthanum, yttrium, and praseodymium mineralization. Prairie Lake consists of 46 mineral claims covering an area of approx. 630 ha. Prairie Lake is superbly located, easily accessed by an allweather road from the TransCanada Highway located 28 kilometres to the south. The ET is defined by 59 diamond drill holes. Duyuru • Feb 10
Nuinsco Resources Limited Announces the Successful Initial Sampling Conducted in the Autumn of 2021 on the Zig Zag Lake Nuinsco Resources Limited announced that following the successful initial sampling conducted in the autumn of 2021 on the Zig Zag Lake critical minerals property (the Property) located approximately 68 kilometres east northeast of Armstrong, Ontario it is examining next steps to evaluate this prospective project. The incentive to expand exploration is the anticipated dramatic increase in global demand for lithium, reflected in the current historically high price of lithium - now trading at approximately $59/kg for battery grade lithium carbonate (Li2CO3) - a near nine fold price increase since the beginning of 2021. To add to the significance of the project widespread tantalum and rubidium mineralization also occurs on the Property. Approximately two thirds of global lithium production is used to power electric and plugin hybrid vehicles; by 2025 sales of these are projected to quadruple from current levels - to about 15% of the global vehicle fleet, expanding further to about 35% of the fleet by 2030. Other significant lithium uses include increasing implementation of energy storage devices and the shift to 5G technology and infrastructure, adding enormously to demand and requiring significant new sources of supply. Tantalum has wide application in electronic capacitors used in an ever expanding myriad of industrial and consumer products. The initial sampling program by the Company returned very strong lithium grades peaking at 3.55% Li2O, with remarkable tantalum, and rubidium results peaking at 836 ppm Ta2O5, and 4,003 ppm Rb2O. The mineralization occurs within a pegmatite intrusion encompassed by the Zig Zag claims; the pegmatite body is known to be at least 800m in length, up to 20m thick at surface, and is fully encompassed by the Property. The sampling has provided confirmation of impressive mineral endowment and follows strong analytical results obtained from previous workers in widely spaced, surface pitting, and trenching; these results include Li2O intervals of 1.53% over 7.32m, 1.28% over 9.75m, 1.68% over 7.93m, and 1.64% over 6.31m. Limited, shallow, historic drilling at several points along the occurrence has also returned significant lithium intersections, including 1.08% Li2O over 6.1m (between 12.4518.55m downhole). Tantalum values are equally impressive with Ta2O5 intervals in trenches(1,2) of 0.205% over 2.54m, 0.30% over 1.07m, 0.168% over 2.54m, 0.022% over 14.17m while an intersection of 399.82ppm Ta2O5 over 2.92m (between 15.5018.42m) is recorded from drilling. The occurrence is open along strike and to depth and is yet to be comprehensively evaluated in the context of the fast developing and ever growing applications for such elements resulting from expanding global electrification, and concern over supply chain issues for critical minerals. The Property encompasses pegmatite hosted lithiumtantalum (plus rubidium) mineralization with significant cesium mineralization also reported. Critical minerals such as lithium and tantalum are essential in the accelerating transition to a low carbon economy while rubidium has applications in, amongst other things, electronics, medical imaging, and specialty glass. The Government of Canada has identified 31 critical minerals, including many of those identified at the Company's Zig Zag Lake and Prairie Lake properties, that are considered essential for the sustainable economic success of Canada and its allies under its Canadian Minerals and Metals Plan (CMMP). As part of its commitment under the CMMP, the Government is identifying initiatives designed to bolster Canadian critical minerals projects and supply chain development to help advance the competitiveness of the country's minerals and metals sector. The Zig Zag Lake property consists of six (6) claim units accessible via an all weather gravel road leading east from Armstrong that approaches to within two kilometres of the claims. Duyuru • Jan 25
Nuinsco Resources Limited announced that it has received CAD 0.226 million in funding Nuinsco Resources Limited announced a non-brokered private placement for 14,125,000 flow-through units at a subscription price of CAD 0.016 per unit for gross proceeds of CAD 226,000 on January 24, 2022. The funding was raised in two tranches. Each unit consisted of one common share of the company issued on a “flow-through” basis pursuant to the Income Tax Act and one-half of one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 24 months from the issue date. Duyuru • Nov 27
Nuinsco Resources Limited Announces the Infill Drill Core Sampling Program At its 100%Owned Prairie Lake Project Near Terrace Bay, Ontario Nuinsco Resources Limited announced that the infill drill core sampling program at its 100%owned Prairie Lake project near Terrace Bay, Ontario ("Prairie Lake" or the "Project") has produced an intersection of 495m (starting from 2.0m downhole) of continuous critical elements and phosphate mineralization in diamond drill hole NP0810. The intersection of rare earth elements, niobium, tantalum, and phosphate mineralization in DDH NP0810 is notable for several reasons: mineralization extends to 480m vertically, amongst the deepest intersections obtained on the Project; the mineralization is continuous from surface to the end of the drill hole; grade of mineralization is consistent with mineralization obtained from drill holes up to one kilometre away; the drill hole is located north of the Southwest Area ("SW Area") where a succession of 100mplus drill intersections have been reported recently by the Company; several of the critical elements occurring within the intersection are of sufficient grade to be of potential economic interest. The results from NP0810 plainly demonstrate the extensive continuity of mineralization throughout the Prairie Lake complex rocks, both laterally and to depth. Analytical results from the 495 m of continuous mineralization (from 2497m) of niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd), praseodymium (Pr), yttrium (Y), and scandium (Sc) are tabulated below. DDH NP0810 was collared to evaluate the mineralization at Jim's Showing, located near the centre of the Prairie Lake complex and treated as a distinct mineralized domain within the Prairie Lake Exploration Target. The mineralization of economic interest contained within the Prairie Lake intrusion occurs throughout the surface exposure of the Prairie Lake complex where sampled and extends to unknown depths below the deepest drilling yet conducted (circa 525m vertically). There is no indication that mineralization diminishes with depth and the analytical results from DDH NP1003 demonstrate the widespread and continuous mineralization hosted by the rocks within the complex. The Prairie Lake complex hosts a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan within a very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already established. Demand for many of the elements found at Prairie Lake is projected to substantially increase and secure supply chains in miningfriendly regions are currently being sought. The Project consists of 46 mineral claims covering an area of ~630 ha. Prairie Lake is superbly located, easily accessed by an allweather road from the TransCanada Highway located 28 km to the south. The ET is defined by 59 diamond drill holes. All samples were analysed by Activation Laboratories (ActLabs) in Ancaster, Ontario. Samples were analysed for a whole rock and trace element ICP analytical package as well as for niobium, tantalum, and zirconium oxides using a fusion XRF method. An internal Quality Control Quality Assurance (QAQC) program was implemented with four QAQC samples (blanks and reference standards) added into the sampling stream. Recent Insider Transactions • Nov 06
CEO, President recently sold CA$113k worth of stock On the 29th of October, Paul Jones sold around 8m shares on-market at roughly CA$0.015 per share. This was the largest sale by an insider in the last 3 months. Paul has been a seller over the last 12 months, reducing personal holdings by CA$574k. Duyuru • Sep 12
Nuinsco Announces Eighth Intersection of More Than 100m of Continuous Critical Elements & Phosphate Mineralization at Prairie Lake Nuinsco Resources Limited announced an eighth successive intersection of 100m or more of Critical Elements and phosphate mineralization at its 100% owned Prairie Lake project near Terrace Bay, Ontario with the receipt of analyses producing a 122.7m intersection in DDH NP0807. The mineralization of economic interest contained within the Prairie Lake intrusion occurs at surface and extends to unknown depths below the deepest drilling conducted to date (circa 500m vertically). There is no indication that mineralization diminishes with depth and the eight intersections from the Program reported to date occur over an interval of 530m, oriented southeastnorthwest, in the Southwest ("SW") Area. The Prairie Lake complex hosts a suite of elements of economic interest identified as Critical Elements defined under the Canadian Minerals and Metals Plan ("CMMP") contained within the very large domain of mineralized rock that is extremely favourably located from a logistical perspective with rail, road, shipping, and power infrastructure already established. Prairie Lake hosts a number of elements and compounds of economic interest including those for which demand is projected to substantially increase and for which secure supply chains are sought. Analytical results from the 122.7 metres of continuous mineralization (from 2.3125m) of niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd) and yttrium (Y) - analytical results are tabulated below. Eighteen drillholes have been sampled to date as part of the Program, focussing on drillholes collared to intercept the SW area which measures 1km in length and is between 150m and 750m wide at surface. The SW area alone hosts 435530 million tonnes of the total 515630 million tonne ET. The Prairie Lake project consists of 46 mineral claims covering an area of ~630 ha. Prairie Lake is superbly located, easily accessed by an allweather road from the TransCanada Highway located 28 kilometres to the south. The ET is defined by 59 diamond drill holes. All samples were analysed by Activation Laboratories (ActLabs) in Ancaster, Ontario. Samples were analysed for a whole rock and trace element ICP analytical package as well as for niobium, tantalum, and zirconium oxides using a fusion XRF method. An internal Quality Control Quality Assurance (QAQC) program was implemented with four QAQC samples (blanks and reference standards) added into the sampling stream. Duyuru • Jul 16
Nuinsco Resources Limited Continues to Extend Mineralized Intersections with Ongoing Infill Sampling Program at Prairie Lake Rare Metals Project Nuinsco Resources Limited announced results for previously unsampled drill core from diamond drilling programs conducted at its 100% owned Prairie Lake project near Terrace Bay, Ontario. This additional sampling of hole NP0713 more than triples the length of the known intercept of niobium (Nb), tantalum (Ta), phosphate (P2O5), and rare earth elements (REE) including lanthanum (La), cerium (Ce), samarium (Sm), neodymium (Nd) and yttrium (Y), extending it by 72m for the hole. The program continues with the sampling focussing on drill holes collared to intercept the Southwest (SW) Area to ultimately provide information to support the Company's goal of establishing a mineral resource on the property. A total of 58 drill core samples were collected from NP0713, a 101m long diamond drill hole. A 72m section was sampled from 2m depth down to 74m. NP0713 is one of ten holes from the southeast half of the SW Area target from which samples have been submitted for analyses so far this year. Additional sampling, primarily from the northwest half of the SW Area target, is planned for later this summer. When combined with previously reported sampling, the new results extend the intersection in hole NP0713 by 72m to 0.131 % Nb2O5 and 2.83 % P2O5 with 0.0029 % (29 g/t) Ta2O5 and 1261 g/t REE over 99.0m. Previous diamond drilling on the Prairie Lake property (2007 to 2010) has returned assays up to: 1.008 % Nb2O5 over 1.0m (NP0711; 97.598.5m; carbonatite); 23.08 % P2O5 over 0.44m (NP1005; 336.27336.71m; carbonatite); 474 g/t Ta over 1.0m (NP0711; 23.7524.75m; ijolite); 2380 g/t Nd, 1910 g/t La and 4160 g/t Ce over 1.06m (NP1007; 428.0429.06m; carbonatite); and 590 g/t Sm and 887 g/t Y over 1.38m (NP1006; 165.92167.3m; carbonatite). The Prairie Lake project consists of 46 mineral claims covering an area of ~630 ha. Logistically Prairie Lake is superbly located, with ready access to power, road, rail and shipping infrastructure; it is easily accessed by an allweather road from the TransCanada Highway 28 kilometres to the south. Duyuru • Jun 30
Nuinsco Resources Limited announced that it has received CAD 0.415 million in funding Nuinsco Resources Limited (OTCPK:NWIF.F) announced a non-brokered private placement for 20,750,000 flow-through units at a subscription price of CAD 0.02 per unit for gross proceeds of CAD 415,000 on June 29, 2021. The funding was raised in two tranches. Each unit consisted of one common share of the company issued on a “flow-through” basis pursuant to the Income Tax Act and one warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of CAD 0.05 per share for a period of 24 months from the issue date. All members of management and the board of directors participated in the transaction. All securities issued pursuant to the offering are subject to a statutory hold period of four months from the closing dates in accordance with applicable securities legislation. The company paid a finder's fee of CAD 9,450 and 472,500 finder warrants with an exercise price of CAD 0.05 per share for a period of 36 months to Leede Jones Gable Inc. Duyuru • Jun 11
Nuinsco Completes First Phase of Diamond Drilling at the Sunbeam High Grade Gold Project Nuinsco Resources Limited announced the first phase of diamond drilling has been completed at its Sunbeam Gold property ("Sunbeam" or the "Property") near Atikokan in northwestern Ontario. Eight (8) diamond drill holes totaling 1,091m (3,578.5ft) were completed. The program was conducted very efficiently, with all holes achieving their planned depth and intersecting altered and deformed rock known to host gold mineralization at the Sunbeam Mine and other gold occurrences on the Property. The drilling tested target areas separated along strike on the mineralized SunbeamRoy trend by approximately 500m to a maximum depth of 200m downdip - approximately twice the depth of historic reports. Analytical results are awaited. The objective of the drilling was to evaluate geological and geophysical targets identified along the goldmineralized SunbeamRoy trends that traverse the entire width of the Property. The distribution and grade of gold mineralization along these trends are highpriority targets that have not been thoroughly evaluated. First phase drilling was directed to test for extensions to the deformed, altered and goldmineralized domains exploited in the Sunbeam Mine between 1898 and 1905. Elsewhere, the drilling tested induced polarization anomalies identified from geophysical surveys commissioned by the Company where chargeability and resistivity responses are associated with known gold mineralization at the Road Zone, and on strike from the Sunbeam mineralization. The Sunbeam Gold Property encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings. Mineralization at the Sunbeam Mine is hosted by a 30m wide sheared zone of altered, schistose rock. Gold mineralization occurs within a southwest striking quartz vein/chloritic zone that historically has been traced from surface to at least 100m vertically and along strike for more than 300m in pits and shafts. Similar mineralization has been observed on the Sunbeam lineament along strike from the Sunbeam Mine and on subparallel structures. Duyuru • May 21
Nuinsco Resources Limited Commences Diamond Drilling Program At the Sunbeam High Grade Gold Project Nuinsco Resources Limited announced that diamond drilling is underway on its Sunbeam Gold property ("Sunbeam" or the "Property") near Atikokan in northwestern Ontario. This drill program will test for the presence of trends and structures known to host gold mineralization on the Property using the available geological information and anomalous responses obtained from recent induced polarization magnetic geophysical surveys commissioned by the Company including the survey currently underway on the project. The Sunbeam Gold Property encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings. Mineralization at the Sunbeam Mine is hosted by a 30m wide sheared zone of altered, schistose rock. Gold mineralization occurs within a southwest striking quartz vein/chloritic zone that historically has been traced from surface to at least 100m vertically and along strike for more than 300m in pits and shafts. Similar mineralization has been observed on the Sunbeam lineament along strike from the Sunbeam Mine and on subparallel structures. A 1903 plan of the mine shows an average grade of 13g/t Au in the historic workings. There has been no exploration of the formerly patented mine site since the mine closed 116 years ago. Intermittent exploration on mineral claims around the patent was conducted between 1981 and 2012. The Sunbeam Gold Property consists of 110 unpatented mining claims (218 cells), covering 48.8km2, situated 27km northeast of the town of Atikokan, Ontario, and 12km southeast of Agnico Eagle's Hammond Reef gold deposit. It is easily accessible via well maintained logging roads from Hwy 11. The property is traversed by at least three sub parallel, northeasttrending, goldmineralized trends secondary to the regionally extensive, subprovince bounding Quetico Fault. Collectively these trends now total approximately 30 kilometres of mineralized target domain on the Property and host 10 gold occurrences; it is a vast exploration target that extends to all parts of the Property, has seen only intermittent historic exploration, and represents an excellent opportunity to be comprehensively explored. A number of the occurrences have returned highgrade assays from grabsamples and limited drilling. Elsewhere historic pits and shafts have been excavated to conduct exploration at the Roy, Pettigrew and Road occurrences all of which contain gold mineralization that merits further exploration. Previous work also identified new occurrences of strong anomalous gold mineralization from grab samples. Recent Insider Transactions • May 21
CEO, President recently sold CA$103k worth of stock On the 14th of May, Paul Jones sold around 7m shares on-market at roughly CA$0.015 per share. This was the largest sale by an insider in the last 3 months. Paul has been a seller over the last 12 months, reducing personal holdings by CA$401k. Duyuru • May 08
Nuinsco Resources Limited Demonstrates Potential to Increase Neodymium Grade in Concentrate at Prairie Lake Project Nuinsco Resources Limited reported that metallurgical testing has demonstrated the potential to significantly upgrade the neodymium grade in concentrate, along with other rare earth elements at its 100%owned Prairie Lake project. Neodymium is an element vital in the global conversion to renewable energy and electric vehicle manufacture. Over the past 12 years Nd has ranged in price from a low of US15.47/kg in 2009 to a high of USD 251.74 in 2010; it currently trades at USD 66.10/kg, an increase of USD 17.06/kg over the past year. In addition to numerous other highvalue REEs as well as phosphate, these metallurgical findings increase the Company's optimism for the economics of Prairie Lake. The enrichment in Neodymium is significant because of the anticipated increase in demand for this element to meet requirements for the expanding electrification of the world's vehicle fleet and conversion to renewable energy sources. New analyses were conducted on a suite of samples obtained from a historic metallurgical program conducted by the Company using gravity preconcentration and flotation processes to evaluate the potential to produce a high grade phosphate (P2O5) concentrate from Prairie Lake raw phosrock as such the tests were optimized for phosphate recovery. The tests demonstrate the feasibility to upgrade raw Prairie Lake phosrock from circa 3.5% P2O5 to >30% P2O5 (34.03% and 32.03% in the case of the mean grade from the two tests reported here). It is important to note that P2O5 is a vital nonrenewable resource essential for sustaining the life of plants and animals. While the phosphate grade was clearly enhanced in the metallurgical test by a factor of nearly 10 the REE content was also substantially increased. Although the tests were not optimized to REE recovery the concentrates produced still showed a substantial upgrade in REE concentration. In the case of neodymium (Nd), raw phosrock in the Prairie Lake carbonatite contains an average of 350 ppm Nd, while the average grade of the concentrates reported here are 1745 ppm Nd and 1659 ppm Nd a concentration factor of approximately 4.5. Similar concentration factors are observed for other rare earth elements. Amongst the REEs, Nd is particularly valued because of the critical importance of Ndbased permanent magnets in the manufacture of a range of new technological products including the highperformance electric motors and generators used in, for example, hybridelectric vehicles and megawattscale wind turbines. However Nd is but one of the highvalue minerals at Prairie Lake. Demand for REEs, as well as niobium, tantalum and phosphate, is projected to continue to rise as their use in a host of applications in the automotive, hightech, cleanenergy, telecommunication and global agriculture industries expands. Prairie Lake consists of fortysix mineral claims covering an area of 630 ha which are superbly located, with ready access to power, road, rail and shipping infrastructure; it is easily accessed by an allweather road from the TransCanada Highway, 28 kilometres to the south. The mineralization identified is entirely contained within the Prairie Lake carbonatite complex. Recent Insider Transactions • Mar 19
CEO, President recently sold CA$60k worth of stock On the 11th of March, Paul Jones sold around 3m shares on-market at roughly CA$0.02 per share. In the last 3 months, there was an even bigger sale from another insider worth CA$97k. Paul has been a seller over the last 12 months, reducing personal holdings by CA$254k. Duyuru • Mar 12
Nuinsco Updates Geophysics Compilation Identifies Numerous Drill Targets on Sunbeam Gold Property Nuinsco Resources Limited announced receipt of a detailed geophysical compilation and interpretation that has identified target domains for diamond drill testing and further surface exploration and geophysical coverage on its Sunbeam Gold property near Atikokan in northwestern Ontario. The detailed interpretation provides targeting for diamond drilling and further geophysical coverage at Sunbeam that are now being planned. The study, incorporating results from induced polarization and magnetic geophysical surveys conducted in 2018 and 2020, provides greater and more detailed insight regarding mineralized domains and exploration targets. The compilation covers parts of the Sunbeam and the Roy lineaments on the Property, both of which host abundant sites of gold mineralization including the highgrade Sunbeam Gold Mine and remain to be thoroughly evaluated in exploration programs.
As reported previously the interpreted anomalous domains are associated with known highgrade gold mineralization at the Sunbeam Mine as well as significant gold mineralization at the Road Zone and the AL198
Zone. At least seven other gold occurrences and numerous goldanomalous grab samples have been identified or collected from the remaining 25km of prospective, goldmineralized, lineaments encompassed by the Property. All of this terrane is prime exploration target and remains to be tested with geophysics. Recent Insider Transactions • Feb 21
Independent Non-Executive Chairman recently sold CA$97k worth of stock On the 18th of February, René Galipeau sold around 7m shares on-market at roughly CA$0.013 per share. This was the largest sale by an insider in the last 3 months. René has been a seller over the last 12 months, reducing personal holdings by CA$107k. Duyuru • Feb 03
Nuinsco Resources Limited (OTCPK:NWIF.F) exercised its option to acquire 49.4 km2 Sunbeam Gold Property located in Atikokan in Northwestern Ontario. Nuinsco Resources Limited (OTCPK:NWIF.F) exercised its option to acquire 49.4 km2 Sunbeam Gold Property located in Atikokan in Northwestern Ontario on February 2, 2021. Duyuru • Jan 24
Nuinsco Resources Limited Reports on Expanded Geophysical Coverage and Preliminary Results from Sunbeam Gold Property Nuinsco Resources Limited announced that a recently completed geophysical survey comprising induced polarization and magnetic methods, conducted on its Sunbeam Gold property (the "Sunbeam Project") near Atikokan in northwestern Ontario, has added further anomalous target domains associated with known, highgrade, gold mineralization for which diamond drilling is recommended. The survey expanded geophysical coverage to the east and west of the high grade Sunbeam gold mine and now extends to three kilometres of continuous strike length along the Sunbeam lineament that hosts three of at least ten gold occurrences encompassed by the Sunbeam Project. The Sunbeam Gold Project encompasses numerous sites of gold mineralization and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings. Mineralization at the Sunbeam Mine is hosted by a 30m wide sheared zone of altered, schistose rock. Gold mineralization occurs within a southwest striking quartz vein/chloritic zone that historically has been traced from surface to at least 100m vertically and along strike for more than 300m in pits and shafts. Similar mineralization has been observed along strike from the Sunbeam Mine and on subparallel structures. A 1903 plan of the Sunbeam Mine shows an average grade of ~13g/t Au in the historic workings. There has been no exploration of the formerly patented mine site since the mine closed 115 years ago. Intermittent exploration on mineral claims around the patent area was conducted between 1981 and 2012. The Sunbeam Gold Project consists of 110 unpatented mining claims (218 cells), covering 48.8km2, situated 27km northeast of the town of Atikokan, Ontario, and 12km southeast of Agnico Eagle's Hammond Reef gold deposit: Measured and Indicated Mineral Resources of 208Mt at 0.67 g/t Au, 4.5 Moz contained gold. It is easily accessible via well maintained logging roads from Hwy 11. The property is traversed by at least three subparallel, northeast trending, gold mineralized lineaments secondary to the regionally extensive, sub province bounding Quetico Fault. Collectively these lineaments now total approximately 30 kilometres of mineralized target domain and host 10 gold occurrences. These lineaments present an extensive exploration target that extends to all parts of the project, have seen only intermittent historic exploration and represent an excellent opportunity to be comprehensively explored. A number of the occurrences have returned highgrade assays from grabsamples and limited drilling. Elsewhere historic pits and shafts have been excavated to conduct exploration at the Roy, Pettigrew and Road occurrences - all of which contain gold mineralization that merits further exploration. Previous work also identified new occurrences of strong anomalous gold mineralization from grab samples collected along the lineaments. Duyuru • Oct 10
Nuinsco Resources Limited announced a financing transaction Nuinsco Resources Limited (OTCPK:NWIF.F) announced a private placement on October 8, 2020. The company will issue units at a price of CAD 0.01 per unit and flow-through common shares CAD 0.01 per share. Each unit consists of one common share and one full common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.05 for a period of 24 months from the date of closing. Duyuru • Jun 18
Nuinsco Resources Limited Auditor Raises 'Going Concern' Doubt Nuinsco Resources Limited filed its Annual on Jun 12, 2020 for the period ending Dec 31, 2019. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.