Abasca Resources Announces Completion of 2025 Winter Program and Non-Brokered Private Placement of up to $1.25 Million

Abasca Resources Inc. has successfully completed its 2025 Winter Program at the company's wholly-owned Key Lake South Project located in Saskatchewan's Athabasca Basin. The completion of this winter exploration campaign represents continued systematic advancement of the uranium project in one of Canada's premier uranium districts.

Concurrent with the exploration update, Abasca announced a non-brokered private placement financing of up to $1.25 million. This financing structure allows the company to raise capital directly without broker fees, maximizing proceeds available for project advancement and operational activities.

The Key Lake South Project's location in the Athabasca Basin positions Abasca within Canada's most significant uranium-producing region, home to some of the world's highest-grade uranium deposits. The completion of winter field programs is standard practice in northern Saskatchewan, taking advantage of frozen ground conditions that facilitate access to remote exploration areas.

This dual announcement of completed field work and new financing demonstrates Abasca's systematic approach to project development, ensuring adequate funding streams to support ongoing exploration activities. The timing suggests the company is positioning itself for continued exploration momentum as it moves into the next phase of project advancement in the strategically important uranium sector.