Abasca Resources Files NI 43-101 Technical Report on its Loki Flake Graphite Deposit Confirming Initial Resource Estimate

Abasca Resources Inc. has filed an independent NI 43-101 technical report on SEDAR+ that confirms the initial mineral resource estimate for its Loki Flake Graphite Deposit located in Saskatchewan. The filing represents a significant regulatory milestone for the TSXV-listed company, providing third-party validation of the project's resource potential.

The technical report, prepared in accordance with National Instrument 43-101 standards, offers independent verification of Abasca's initial mineral resource calculations for the Loki deposit. This regulatory filing is crucial for establishing credibility with investors and potential partners, as NI 43-101 compliance ensures that resource estimates meet rigorous Canadian securities standards.

For the graphite sector, this development adds to the growing inventory of Canadian graphite resources at a time when demand for battery-grade graphite continues to increase due to electric vehicle adoption and energy storage applications. Saskatchewan's emerging position as a graphite jurisdiction could benefit from successful projects like Loki that demonstrate the province's mineral potential.

The filing positions Abasca to advance discussions with potential offtake partners and investors who require NI 43-101 compliant resource estimates before making significant commitments. The next logical steps would likely involve economic studies and further technical work to advance the project toward development decisions.