Abasca Resources Engages Tetra Tech to Complete Preliminary Economic Assessment for the Loki Flake Graphite Deposit

Abasca Resources Inc. has announced the engagement of engineering consultancy Tetra Tech Canada Inc. to conduct a Preliminary Economic Assessment for the Loki Flake Graphite Deposit, located within the company's wholly-owned Key Lake South Project in northern Saskatchewan. This milestone represents a critical advancement in the project's development timeline, as a PEA will provide the first comprehensive economic evaluation of the graphite deposit's commercial potential.

The engagement of Tetra Tech, a recognized leader in mining engineering and environmental services, signals Abasca's commitment to advancing the Loki deposit through rigorous technical and economic analysis. A PEA typically examines mining methods, processing requirements, capital and operating costs, and overall project economics, providing stakeholders with essential data for investment decisions.

This development occurs within the broader context of growing demand for natural graphite, particularly flake graphite, which is essential for lithium-ion battery anodes and other advanced manufacturing applications. Saskatchewan's established mining jurisdiction and infrastructure advantages position the Key Lake South Project favorably for potential development.

The completion of a PEA represents a foundational step that could lead to more detailed feasibility studies and ultimately project development, depending on the economic outcomes. For Abasca shareholders and the broader graphite sector, this announcement demonstrates tangible progress toward potential commercial production from what appears to be a strategically located Canadian graphite asset.