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LANCASTER RESOURCES

CSE:LCR

Climate-Positive Lithium Resource in New Mexico

LEARN MORE
 * Overview
 * Company Highlights
 * Key Assets
 * Management Team
 * Investor Kit

This Lancaster Resources profile is part of a paid investor education campaign.*


COMPANY HIGHLIGHTS

 * Lancaster Resources, an innovative exploration company with a focus on
   climate-positive lithium, is well-positioned to help meet the growing demand.
 * The company has an option to acquire 100 percent ownership in the Alkali Flat
   Lithium Project, situated in southwestern New Mexico.
 * Recognized as one of the best mining jurisdictions in the world, New Mexico
   is regarded as the new frontier for lithium exploration in the United States.
 * New Mexico also has the benefit of being a hub for renewable energy
   production, with ample sources of solar, wind and geothermal power.
 * The New Mexico State Land Office has a long history of partnering with
   renewable energy companies and has made roughly nine million acres of land
   available for lease to support them.
 * Lancaster will ensure the Alkali Flat project is climate-positive by:
   * Using direct lithium extraction, allowing it to restore the majority of
     groundwater after filtering out the lithium salts.
   * Exclusively using renewable energy. The company is currently in discussions
     with several parties about initiating a solar project alongside its lithium
     project.
   * Employing carbon sequestration as part of its mining and processing
     operations.
 * A collaboration agreement with KorrAI Technologies could transform
   Lancaster’s exploration capability through cutting-edge hyper-spectral
   imaging technology.
 * Lancaster hosts an impressive leadership and technical team which includes
   multiple geologists with decades of experience alongside recognized financial
   and legal professionals such as CEO Penny White.

Press Releases
Apr 10, 2024


LANCASTER RESOURCES ACQUIRES PINEY LAKE GOLD PROPERTY

Apr 02, 2024


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Mar 18, 2024


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OVERVIEW

Lithium is essential for producing lithium-ion batteries — and therefore
essential to the global electrification goals. Moreover, the battery metal plays
a key role in multiple technologies central to sustainability. Analyst
expectations indicate that by 2040, we could see lithium demand grow more than
40 times what it is today, especially driven by new legislation intended to
increase the supply of critical minerals, such as the Inflation Reduction Act in
the United States.

One challenge not often discussed with regard to lithium supply is
sustainability. Traditional lithium mining typically requires immense volumes of
energy and generates considerable waste. Even lithium brine extraction,
typically viewed as the more sustainable option, has the potential to cause
environmental harm.

Enter Lancaster Resources (CSE:LCR,OTCQB:LANRF,FSE:6UF0), a dynamic, junior
exploration company focused on developing the resources required for the global
transition to clean energy and electrification. The company intends to be one of
North America's first climate-positive lithium producers. To achieve this,
Lancaster plans to implement a number of innovative technologies and practices,
including leveraging solar energy in its production and developing a carbon
sequestration process for its operations.

Sign up to get your FREE


LANCASTER RESOURCES INVESTOR KIT

and hear about exciting investment opportunities.
 * Corporate info
 * Insights
 * Growth strategies
 * Upcoming projects




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Include me in the Accredited Investor email list
By completing this form, you are giving consent to receive newsletters and other
communication from INN. You will also receive free investor kits and
communication from Lancaster Resources using the contact information you
provide. And remember you can unsubscribe at any time.







OVERVIEW

Lithium is essential for producing lithium-ion batteries — and therefore
essential to the global electrification goals. Moreover, the battery metal plays
a key role in multiple technologies central to sustainability. Analyst
expectations indicate that by 2040, we could see lithium demand grow more than
40 times what it is today, especially driven by new legislation intended to
increase the supply of critical minerals, such as the Inflation Reduction Act in
the United States.

One challenge not often discussed with regard to lithium supply is
sustainability. Traditional lithium mining typically requires immense volumes of
energy and generates considerable waste. Even lithium brine extraction,
typically viewed as the more sustainable option, has the potential to cause
environmental harm.

Enter Lancaster Resources (CSE:LCR,OTCQB:LANRF,FSE:6UF0), a dynamic, junior
exploration company focused on developing the resources required for the global
transition to clean energy and electrification. The company intends to be one of
North America's first climate-positive lithium producers. To achieve this,
Lancaster plans to implement a number of innovative technologies and practices,
including leveraging solar energy in its production and developing a carbon
sequestration process for its operations.

Lancaster will also make full use of direct lithium extraction technology,
allowing it to recover the majority of lithium from brine deposits with minimal
environmental impact.

Lancaster Resources currently has the option to acquire a 100-percent interest
in the Alkali Flat lithium project, which will become its flagship. The
closed-brine deposit is situated in New Mexico, which many believe is the next
frontier for lithium. Notably, Alkali Flat also displays very similar geology to
Clayton Valley in Nevada, currently the site of the only producing lithium mine
in the country.

In addition to lithium, the company also has two high-impact mineral claims in
the world-class Athabasca Basin, targeting high-grade uranium. The Catley Lake
and Centennial East properties, spanning 3,036 hectares and 5,081 hectares,
respectively, provide significant exploration opportunities. The Athabasca Basin
in Saskatchewan, Canada hosts some of the world’s largest and highest-grade
uranium deposits and home to some of the biggest mines, including Cameco’s
McArthur River and Cigar Lake uranium mines. Lancaster’s assets are adjacent to
Cameco's Centennial deposit claim block in the south-central area of the
Athabasca Basin.

These promising projects are not the only reason to keep an eye on Lancaster
Resources — the company also employs a highly experienced and respected
technical team.

Exploration consultant Rodney Blakestad is a geologist with over forty years of
experience in mineral exploration, having discovered multiple high-value
deposits throughout his career. The esteemed Gary Lohman also sits on the
company's advisory board, providing extensive expertise in geological,
geochemical and geophysical exploration techniques.

With its new collaborative agreement with KorrAI Technologies, a pioneer in
hyper-spectral imaging, Lancaster is also redefining and enhancing the
efficiency and accuracy of mineral exploration, particularly for lithium,
uranium, rare earth elements and other critical minerals. This cutting edge
technology effectively minimizes environmental impact, optimizes resource
discovery, and accelerates production.


COMPANY HIGHLIGHTS

 * Lancaster Resources, an innovative exploration company with a focus on
   climate-positive lithium, is well-positioned to help meet the growing demand.
 * The company has an option to acquire 100 percent ownership in the Alkali Flat
   Lithium Project, situated in southwestern New Mexico.
 * Recognized as one of the best mining jurisdictions in the world, New Mexico
   is regarded as the new frontier for lithium exploration in the United States.
 * New Mexico also has the benefit of being a hub for renewable energy
   production, with ample sources of solar, wind and geothermal power.
 * The New Mexico State Land Office has a long history of partnering with
   renewable energy companies and has made roughly nine million acres of land
   available for lease to support them.
 * Lancaster will ensure the Alkali Flat project is climate-positive by:
   * Using direct lithium extraction, allowing it to restore the majority of
     groundwater after filtering out the lithium salts.
   * Exclusively using renewable energy. The company is currently in discussions
     with several parties about initiating a solar project alongside its lithium
     project.
   * Employing carbon sequestration as part of its mining and processing
     operations.
 * A collaboration agreement with KorrAI Technologies could transform
   Lancaster’s exploration capability through cutting-edge hyper-spectral
   imaging technology.
 * Lancaster hosts an impressive leadership and technical team which includes
   multiple geologists with decades of experience alongside recognized financial
   and legal professionals such as CEO Penny White.


KEY ASSETS


ALKALI FLAT LITHIUM PROJECT

Lancaster Resources currently plans to acquire a 100-percent interest in Alkali
Flat, a lithium brine project that will serve as the company's flagship. Located
in the Animas Valley near Lordsburg, the 233-claim property is also transected
by Interstate 10. Historic research and geochemical data indicate the presence
of anomalous levels of lithium.

Lancaster plans to evaluate potential direct lithium extraction partners once it
has taken and assessed brine samples from the site.

HIGHLIGHTS:

 * Promising Geology: Hidalgo County, the region in which Alkali Flat is
   situated, displays geology nearly identical to Clayton Valley in Nevada,
   itself a hotbed of lithium mining and exploration.
 * Highly Prospective Resource: Recent data on the site shows a range in lithium
   concentration of 69.6 to 147.8 parts per million in 51 playa sediment
   samples. Additionally, Arizona Lithium, a major Australian mining company,
   has staked property immediately north of Alkali Flat. Exploration data
   released by Arizona Lithium indicates a chargeability anomaly low in the
   lower right section of its claim.
 * Current Exploration Plans: Lancaster intends to define a closed basin brine
   with a commercially viable lithium deposit. The company received
   administrative approval for its maiden drill program confirming the
   compliance of the application with the requirements of the Minimal Impact
   Exploration permit application.
 * Promising at the Outset: Alkali Flat was initially discovered by esteemed
   geologist Rodney Blakestad, who has an established history of identifying
   highly prospective lithium targets.
 * Favorable Legislation: In addition to being situated in a mining-friendly
   jurisdiction, Alkali Flat will benefit from the 2022 Inflation Reduction Act.
   The tax incentives the act provides is set to considerably increase demand
   for domestically sourced lithium.


TRANS-TAIGA LITHIUM PEGMATITE PROPERTY

Lancaster has an exclusive option to acquire 100 percent of the 3,520-acre
Trans-Taiga lithium pegmatite property in Quebec, located between Patriot
Battery Metals’ Corvette and Winsome Resources’ Cancet deposits. This
underexplored yet highly prospective property has huge upside potential with
access to hydroelectric power, providing clean, near-zero-carbon electricity.
Lancaster plans to conduct surface exploration and a geophysics program in the
spring of 2024.


CATLEY LAKE AND CENTENNIAL EAST URANIUM PROJECTS

Acquired by Lancaster in February 2024, Catley Lake and Centennial East cover
3,036 and 5,081 hectares, respectively, offering significant exploration
opportunities. The properties are approximately 24 kilometers southwest of
Cameco’s prospective Dufferin uranium deposit. Lancaster plans to progress the
exploration of these claims using new, modern technologies to identify favorable
geology, structures and corridors that could host high concentrations of
uranium. These strategic acquisitions reinforce Lancaster’s dedication to
discovering critical minerals in support of the energy transition.


MANAGEMENT TEAM


PENNY WHITE - PRESIDENT AND CEO

Penny White is an accomplished business leader with over 20 years of experience
in the capital markets. As the president and CEO of Lancaster Lithium, she
brings a wealth of expertise and leadership to the company. White has a diverse
background, with experience in sectors such as mining, pharmaceuticals and clean
energy. She co-founded a pharmaceutical company that was later acquired for $342
million and was the chairman of Highbury Energy for 10 years, overseeing the
development of the company’s gasification technology and registration of a
patent to create high-grade synthetic gas from biomass.

White has been recognized in PROFIT Magazine's W100 list of top entrepreneurs
and has raised over $50 million for companies she has founded. In addition to
her Law Degree, Penny has completed the Oxford Leading Sustainable Corporations
Programme and the Oxford Climate Emergency Programme from Saïd Business School,
University of Oxford. She is deeply committed to fighting climate change and
working towards a more sustainable future.

White believes that by taking care of our planet, we can create a better world
for ourselves and future generations.


ANDREW WATSON - VICE-PRESIDENT OF ENGINEERING AND OPERATIONS

Andrew Watson brings with him 21 years of rich technical leadership, operations,
corporate strategy, and commercialization experience in lithium, hydrogen, and
conventional oil and gas production. Watson’s experience includes working at
Prism Diversified, as chief operating officer, to lead the technical development
of two substantial battery metal critical mineral opportunities. While at Prism
Diversified, Watson is spearheading the lithium brine development opportunities
on over 850 square miles of highly prospective brine resources. His previous
positions include VP engineering and operations at CleanInnoGen Energy, where he
led the development of the world’s first-of-a-kind pilot project to capture
industrial waste heat to produce on-site, low-cost, near-zero emission hydrogen
and oxygen. Prior to this, as the VP of engineering and operations at Hyak
Energy, he managed the operations of a 60MMbbl medium crude oil field in SW
Saskatchewan, using an Alkali-Surfactant-Polymer chemical enhanced oil recovery
scheme, increased production by over 250 percent, and spearheaded corporate sale
leading to a successful divestment in January 2020.


RICK HUANG - CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY

Rick Huang has been the CFO of Lancaster Resources for 2 years. He has over 15
years’ experience as a director and officer in public companies. Between 2012
and 2014, he chaired the compensation and corporate governance committee for
Great Northern Gold Exploration Corporation. For 11 years, from 2007 to 2018, he
was the CFO of Hanwei Energy Services (TSX:HE), managing its finance, banking,
and compliance departments. He has overseen accounting for subsidiaries in
Canada, China, and Kazakhstan. His roles have encompassed investor relations,
AGM preparations, and international joint venture negotiations. His experience
also spans roles at companies like Pepsi Bottling Group (Canada) and Coca-Cola
China. Huang has been involved with Datable Technology (TSXV:TTM) since May 2015
and previously with Poydras Gaming Finance. (TSXV:PYD). He’s been a designated
CPA, CGA since 2005 and has an MBA from the University of Western Ontario in
2001.


RODNEY BLAKESTAD - EXPLORATION CONSULTANT

Rodney Blakestad is a highly experienced consulting geologist with a successful
career spanning over 40 years. Throughout his career, Blakestad has been
involved in the discovery of numerous commercial-grade deposits, including the
bulk-tonnage potential of the largest operating gold mine in Alaska (Fort Knox,
now at 10M ounces), the first leached-cap porphyry systems discovered in Alaska
(Taurus-Bluff and others), Cerro Caliche bulk-tonnage gold discovery near
Cucurpe, Sonora, Mexico, the Anderson Mountain and Red Mountain VMS deposits in
the Alaska range, USA and numerous volcanogenic massive sulfide deposits (VMS)
in the Delta District, Alaska, USA. He has also discovered several gold placers
in Alaska, USA.

Blakestad's expertise in minerals exploration was developed through his
university education at the University of Alaska, where he studied advanced
geochemistry, with special topical studies on gold geochemistry, the origin and
transport of large gold particles and leached outcrop interpretation.
Additionally, he has traveled throughout western Canada, the US and Mexico
studying alteration facies and leached cap rocks of porphyry systems and some
gold deposits to distinguish between barren deposits and mineralized systems.

In addition to his geological expertise, Blakestad has a Juris Doctor from the
University of Denver Law School, where he studied natural resources and
environmental law. This background has led him to focus on brine lithium
deposits that can be processed with minimal surface degradation, and water
consumption, and use alternatives to fossil fuels for the entire recovery
process. Blakestad is a certified professional geologist with the American
Institute of Professional Geologists and a registered professional geologist in
the State of Alaska. He has also been a board of director and/or vice-president
of exploration for several publicly traded companies.


DANIEL CARD - TECHNICAL COMMITTEE

Danial Card, P.Geo, RPGeo, a professional Geophysicist, holds a BSc. Hons degree
from the University of Manitoba and is currently registered in Canada and
Australia. His career started with Xstrata (now Glencore) where he worked his
way up to project geophysicist at Raglan Mine in northern Quebec then went on to
serve at Xstrata’s Western Australian operations Cosmos and Sinclair in the
Leinstern-Wiluna nickel camp, where he played a key role in the discovery and
definition of the 9 MT Odysseus nickel sulphide deposit.

Following his tenure at Xstrata, Card went on to work as senior geophysicist for
Southern Geoscience Consultants in Perth, WA, where he served as the staff
electromagnetics specialist. He also served as the technical lead on many
mineral exploration projects. Card continued as a senior technical consultant to
Abitibi Geophysics and an expert peer reviewer for the journal “Exploration
Geophysics”. He then founded EarthEx, a company specialized in geophysical
prospecting, data interpretation, 3D modeling and target definition,


GARY LOHMAN — QUALIFIED PERSONS AND ADVISOR

Gary Lohman is one of the founding members of and currently serves as the chief
operating officer for both Royal Stewart Resources Corp and Thistle Resources.
He also holds the position of vice-president at Nine Mile Metals. With four
decades of management experience, Lohman brings a wealth of knowledge in
precious and base metal exploration both inside and outside the mining industry.

A graduate of the esteemed geology programme at the University of Toronto in
1981, Lohman’s proficiency spans various geological, geochemical and geophysical
exploration techniques. He has applied these skills in numerous geological
contexts, including volcanogenic massive sulphides (VMS), porphyry
copper/molybdenum and iron oxide copper gold (IOCG) style deposits. His
expansive experience extends to conducting evaluations and research on bonanza
grade and bulk tonnage gold-silver properties located in Canada, Mexico,
California, Ecuador and Chile.


PATRICK CRUICKSHANK - ADVISOR

Patrick Cruickshank brings over 20 years of experience from the wealth
management sector working for Merrill Lynch, Legg Mason and Citigroup Capital
Markets, where he focused on creating and protecting wealth while specializing
in funding growth companies. Cruickshank was an NFLPA Advisor from 2000 to 2012,
until transitioning into the private equity sector. Since 2012, he has
concentrated on acquiring, funding and growing companies in the energy and
resource sector.

Cruickshank is the current Chief Executive Officer and Director of Nine Mile
Metals (CSE:NINE). He also serves on a number of private resource companies and
is a frequent speaker/interviewee on the resource sector investment space, in
Australia, Chile, Canada and the USA.

Cruickshank is a former Canadian Olympic/U23 soccer player, US NCAA Division 1
collegiate player and coach. He received his MBA from the Schulich School of
Business at York University in 1989.


HEATHER WILLIAMSON - DIRECTOR, VP CORPORATE FINANCE AND CORPORATE SECRETARY

Heather Williamson is a seasoned finance and legal professional with over 20
years of experience in the industry. She has worked as a paralegal and in
corporate finance for several public companies, including Boston Pizza
International and Angiotech Pharmaceuticals. Williamson's expertise in finance
and the legal industry is demonstrated by her successful completion of over $10
million in financing for a public company, including spearheading all aspects of
an initial public offering and successful listing on the Canadian Securities
Exchange (CSE).

She is well-versed in finance closings, IPOs and compliance with securities and
stock exchange regulations. In addition to her extensive experience, Williamson
is currently working towards her MBA at Royal Roads University. She currently
serves as the director and vice-president of corporate finance for Lancaster
Lithium, where she leads the company's corporate and securities compliance
strategy.


WILLIAM “BILL” FEYERABEND - ADVISOR AND QUALIFIED PERSON

William Feyerabend brings with him a vast wealth of experience in the
exploration and development of Lithium projects across the American West,
Mexico, and South America. He has authored technical reports for claim blocks in
Nevada’s lithium development epi-center, including the Clayton and Fish Lake
Valleys. His expertise in lithium exploration began in 2015, with a specific
focus on Esmeralda County, NV and especially Clayton Valley. Notably, Feyerabend
set the discovery well for Pure Energy.

Feyerabend has extensive experience in generating lithium brine targets and
serving as a Qualified Person for lithium projects in Nevada, California, Utah,
and Argentina. He has had roles with major companies such as US Borax and Gold
Fields Mining and played a part in the discovery and development of four
significant mineral projects. His international exposure is equally extensive,
having worked on projects in Argentina, Bolivia, Chile, China, Colombia, Ghana,
Guyana, Mexico, Peru, Saudi Arabia, United States, and Venezuela. This wealth of
international experience will prove invaluable as Lancaster Resources continues
to expand and enhance its operations.


MOHAMMAD ASEFI - TECHNICAL COMMITTEE

Mohammad Asefi received his B.Sc. and M.Sc. degrees in antennas and microwave
engineering from the American University of Sharjah, United Arab Emirates, in
2009 and 2011 respectively, and his PhD in electrical and computer engineering
in 2016 from the University of Manitoba, Winnipeg, MB, Canada. From 2016 to 2017
he was a postdoctoral fellow at the electromagnetic imaging laboratory at the
University of Manitoba. He was the director of research at 151 Research Inc.
between 2017 and 2020 with a focus on biomedical imaging, stored grain
monitoring using electromagnetic waves, and the development of electromagnetic
imaging systems, and near-field measurements. He was the product development
manager (Advanced Research) at Agco Winnipeg between 2020 and 2023 with a focus
on the research and development of electromagnetic imaging systems/techniques
for monitoring grain bins. He is currently the CTO of EarthEx Geophysical
Solutions where he works on cutting-edge technologies for drone-based magnetic
and electromagnetic data acquisition and analysis systems.





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LANCASTER RESOURCES INC. (LCR:CC)

$0.0450.01(12.50%)
Bid: 0.04 x 41000Ask: 0.045 x 105000
April 10, 2024 11:20 AMETApril 10, 2024 Volume: 99,741
CADCanadian Securities ExchangeDelayed PriceMarket Closed


DETAILED QUOTE

Show DataShow Chart

DateOpenHighLowClose2024-04-100.040.0450.040.0452024-04-090.040.040.040.042024-04-080.040.040.040.042024-04-050.040.040.0350.042024-04-040.0450.0450.0350.042024-04-030.0450.0450.040.0452024-04-020.0450.0450.0450.0452024-04-010.0450.0450.0450.0452024-03-280.060.060.040.042024-03-270.0650.070.0550.062024-03-260.060.0650.060.062024-03-250.0650.0650.060.062024-03-220.070.070.070.072024-03-210.070.070.060.062024-03-200.070.070.060.062024-03-190.0650.0650.0650.0652024-03-180.0650.0650.0650.0652024-03-150.060.070.060.072024-03-140.060.060.060.062024-03-130.0750.0750.0550.062024-03-120.070.070.060.072024-03-110.060.080.060.07

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Last
0.045
$  Chg
0.005
Open
0.04
High
0.045
Bid
0.04
Bid Size
41000
Beta
1.34442
Year High
0.20
Market Cap
2.35m
PB Ratio
-4.50
EPS
0.09
Average Volume (30 Day)
74.01k
Volume
99.74k
% Chg
12.50%
Prev. Close
0.04
Low
0.04
Ask
0.045
Ask Size
105000
VWAP
0.0401
Year Low
0.02667
Total Shares
52.31m
Shares Out
52.31m
Float
49.66m
Exchange
CSE


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