Ascendant Resources Inc.

Ascendant Resources Inc. is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting held on June 13, 2024, in Toronto, Ontario. A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as [...]

Senior Mining Engineer with oversight expertise in mine planning, design, construction and project management for Matsa, Aljustrel and Neves Corvo's VMS projects on the Iberian Pyrite Belt; Strengthens Ascendant's Technical capability during transition for project development Ascendant Resources Inc. is pleased to announce that it has strengthened its management team with the appointment of Mr. Guy Lauzier, P.Eng., who [...]

Results demonstrate ability to produce saleable and highly marketable Zinc and Lead concentrates from the Primary Massive Sulphide domain. Significant improvement in Zinc recoveries and concentrate grades compared to the Feasibility Study. Metallurgical results, completed at coarser grind sizes supporting simplified flow sheet and lower capital and operating costs relative to the Feasibility Study. Further improvement [...]

New High-Resolution gravity survey suggests potential to rapidly expand Massive Sulphide Mineralization at current Venda Nova North and South Deposits Multiple additional gravity anomalies identified to potentially add to the Massive Sulphide Ore Bodies near Venda Nova EDM's Option to gain a 15% interest in the Project extended to September 30, 2024 due to upcoming elections and government change [...]

Ascendant Resources Inc. , is pleased to provide a summary of the significant milestones achieved during 2023 and looks forward to another year of continued de-risking and key value creation objectives in 2024 for its Lagao Salgada polymetallic project in Portugal. Key Milestones Delivered in 2023 Published the first NI 43-101 Feasibility Study on our Lagoa Salgada Project in Portugal Post Tax NPV8% of US$147m and a 39 [...]

Funds to be used to progress Met testing and optimizing the feasibility study report AscendantResources Inc. is pleased to announce closing of the second and final tranche of its non brokered private placement . Under the Second Tranche, the Company has issued 15,817,625 common shares of the Company at a price of $0.08 for gross proceeds of $1,265,410. In total, 34,287,000Shares were issued under the Offering for gross [...]

Environmental Impact Assessment submitted to the Portuguese Environmental Authority, APA. Approval of the EIA is expected by the end of June 2024 following which, the Company will enter the RECAPE phase, allowing for a formal construction decision. Application for construction of 30MW Photovoltaic plant submitted in parallel. Ascendant Resources through its subsidiary, Redcorp - Empreendimentos Mineiros, Lda , is pleased [...]

Funds to complete an optimized feasibility study report AscendantResources Inc. is pleased to announce the close of the first tranche of its non-brokered private placement announced December 7, 2023. The second and final tranche to complete the Offering is expected to close on or about January 5, 2024. The Offering is fully subscribed and the Company is completing final settlement for the balance of the Offering. Under [...]

• Funds to Progress Project Towards Delivering an Optimized Feasibility study and the Completion of Project Financing for Lagoa Salgada AscendantResources Inc. is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to C$2.776million . The Company intendsto issue up to 34.7 million common shares of the Company at a price of C$0.08 per Common Share. The Company intends to use the net [...]

Banco Santander S.A. appointed as Sole Mandated Lead Arranger for up to US$158m in potential UKEF Supported Project Financing for Lagoa Salgada, Portugal Ascendant Resources Inc. is pleased to announce that further to the announcement on October 18, 2023, that in relation to the Export Credit Agency Supported Project Financing of up to US$158 million, the Company has appointed Banco Santander, S.A. as MLA for the Lagoa [...]