# Abasca Resources Closes Non-Brokered Private Placement of $2.25 Million Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/abasca-resources-closes-non-brokered-private-placement-of-2-25-million--0a3ce069-319c-4ee9-85e8-fe45b1294057 Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3231-tsx-venture/aba/212015-abasca-resources-closes-non-brokered-private-placement-of-2-25-million.html Publisher: jmn Original announcement: 2026-09-29T02:09:12.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T22:21:06.866Z Atlas analysis updated: 2026-09-29T22:21:06.866Z - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: TSXV - Region: Saskatchewan - Primary commodity: Graphite - Secondary commodities: Uranium - Document categories: Resource update, Capital raise - Extracted: 2026-09-29 22:21:07 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Abasca Resources has closed a $2.25 million non-brokered private placement of flow-through shares. The proceeds are intended to support exploration, resource upgrading, and geometallurgical testing at the Loki Flake Graphite Deposit in Saskatchewan. Reasoning: The company successfully raised capital to fund critical exploration and metallurgical work for the Loki Deposit, while also referencing an updated resource estimate. - Positive factor: successful closing of $2.25M private placement - Positive factor: funds earmarked for resource upgrading and geometallurgical testing - Positive factor: updated MRE provides Indicated and Inferred resource base - Negative factor: related party transaction involved in the placement Facts used in scoring: 3 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report and resource estimate are filed under NI 43-101 standards. Evidence · text > NI 43-101 Technical Report, for the Loki Flake Graphite Deposit **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Brian McEwan, P.Geo., is named as the Qualified Person who reviewed and approved the technical information. Evidence · text > reviewed and approved by Brian McEwan, P.Geo., a Qualified Person ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/abasca-resources-closes-non-brokered-private-placement-of-2-25-million--0a3ce069-319c-4ee9-85e8-fe45b1294057#fact-resource-facts-1) Loki Flake Graphite Deposit · graphite #### Identity - Project: Loki Flake Graphite Deposit - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: ABA #### Resource scope - Estimate type: resource - Effective date: 2026-08-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian McEwan - Resource group id: resource:d0af1559b3c2ca03a96e - Deposit or zone: Loki Flake Graphite Deposit - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 6990000 - Grade: 8.27 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-08-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The company reported an Indicated resource for the Loki Deposit. - Positive factor: Indicated category provides higher confidence Evidence · text > includes an Indicated estimate of 6.99 Mt at 8.27 % Cg #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/abasca-resources-closes-non-brokered-private-placement-of-2-25-million--0a3ce069-319c-4ee9-85e8-fe45b1294057#fact-resource-facts-2) Loki Flake Graphite Deposit · graphite #### Identity - Project: Loki Flake Graphite Deposit - Commodity: graphite - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: ABA #### Resource scope - Estimate type: resource - Effective date: 2026-08-19T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Brian McEwan - Resource group id: resource:3922cfa017183cc75316 - Deposit or zone: Loki Flake Graphite Deposit - Ownership percent: 100 % - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 15830000 - Grade: 6.93 - Grade Unit: % Cg #### Prior Estimate - Resource Date: 2026-08-19 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: The company reported an Inferred resource for the Loki Deposit. - Positive factor: Significant tonnage in the inferred category - Negative factor: Inferred category carries lower geological confidence Evidence · text > in addition to an Inferred estimate of 15.83 Mt at 6.93 % Cg #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.