Abasca Resources Provides Exploration Update at its Loki Flake Graphite Deposit and Granting Stock Option

Abasca Resources Inc. has provided an exploration update for its Key Lake South Project in Saskatchewan, where the company completed two drill programs during 2025 at the Loki Flake Graphite Deposit. The company holds 100% ownership of the Key Lake South Project, providing full control over development decisions and potential future cash flows from the graphite asset.

The drilling programs were specifically designed to support expansion of the Loki Deposit, indicating the company's confidence in the mineralization potential and its strategic focus on growing the resource base. Graphite has emerged as a critical mineral for battery technology and industrial applications, with flake graphite commanding premium pricing in global markets due to its superior properties for lithium-ion battery anodes.

While specific assay results and drilling metrics are not provided in this preliminary update, the completion of two separate drill programs suggests a comprehensive approach to resource expansion. The Key Lake South Project's location in Saskatchewan positions Abasca within one of Canada's premier mining jurisdictions, known for its supportive regulatory environment and established mining infrastructure.

The timing of this exploration update, coupled with the company's stock option grant announcement, suggests Abasca is positioning itself for continued development activities at the Loki Deposit. As global demand for battery-grade graphite continues to accelerate with the electric vehicle transition, Abasca's Saskatchewan graphite asset represents a strategic North American supply chain opportunity for critical mineral security.