New Earth Resources Announces Exploration Plans on its Past-Producing Lucky Boy Uranium Project
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New Earth Resources Announces
Exploration Plans on its Past-
Producing Lucky Boy Uranium
Project
December 16, 2025 | Source: New Earth Resources Corp.
Vancouver, British Columbia--(December 16, 2025) - NEW EARTH RESOURCES
CORP. (CSE: EATH) ("New Earth" or the "Company") is pleased to announce the
initiation of exploration activities on its past-producing Lucky Boy Uranium Project,
located in Gila County, Arizona. This phase of exploration aims to enhance the
understanding of the uranium mineralization within the project area.
The planned exploration program includes comprehensive geological mapping,
geochemical surveys, and scintillometer surveys. These activities are designed to assess
the potential uranium resources and further define the geological features within the
project site.
1. Geological Mapping: Detailed geological mapping will be conducted to identify
and characterize rock formations, mineralization patterns, and structural features
critical to the success of the exploration efforts.
2. Geochemical Surveys: A series of geochemical sampling will be undertaken to
collect data on soil and rock chemistry, which is vital for identifying areas with
potential uranium mineralization.
3. Scintillometer Surveys: The use of scintillometers will facilitate real-time
measurement of radioactivity in the field. This non-invasive technique will aid in
identifying prospective areas for further exploration.
“We are very excited to commence this phase of our exploration program at our past-
producing, flagship uranium property, the Lucky Boy project,” states Lawrence Hay, CEO
of New Earth Resources Corp. “Building on the project area’s legacy of production, our
team is deploying geological mapping, geochemical surveys and scintillometer surveys
to assist with delineating high priority zones, effectively providing a road map for future
exploration efforts.”
The exploration program is scheduled to commence in January 2026, and the Company
anticipates sharing updates on its progress in the coming months.
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Increase in Flow-Through Private Placement
The Company also announces that it will be increasing its previously announced (see the
Company’s news release dated December 15, 2025) private placement of flow-through
units (each, a “FT Unit”) at a price of $0.45 per FT Unit. The Company will now issue up
to 2,444,444 FT Units (increased from 2,222,222 FT Units) for gross proceeds of up to
$1,100,000 (increased from $1,000,000). Each FT Unit will consist of one “flow-through”
Share and one Share purchase warrant (each, a “FT Unit Warrant”, entitling the holder to
purchase one Share at a price of $0.60 per Share for a period of thirty-six (36) months
from the date of issuance). The proceeds received by the Company from the sale of FT
Units will be used to incur eligible “Canadian exploration expenses” (“CEE”) that are
“flow-through mining expenditures” (as such term is defined in the Income Tax Act
(Canada)) on the Company’s mineral exploration properties located in Canada.
About the Company
New Earth Resources Corp. is a Canadian -based mineral exploration company acquiring and
developing advanced and early-stage exploration projects. Its flagship project is its 100% owned,
past-producing Lucky Boy Uranium Property located in Gila County, Ariz ona, USA. Consisting of
14 Lode Claims, and spanning approximately 273 acres, the Lucky Boy Project covers a small
open pit and underground workings that produced uranium in the 1950's, and again in the 1970's.
In addition to Lucky Boy, included in the Com pany's uranium portfolio are three claims located in
Saskatchewan, Canada covering 365 hectares.
The Company also has the option to acquire a 100% interest in 23 claims covering approximately
1,101 hectares in the Strange Lake area of Quebec, Canada, known as the "SL Project", which is
prospective for rare earth elements. In addition, the Company has the option to acquire a 100%
interest in the Red Wine Rare Earth Project, comprising 2 non-contiguous mineral claims located
in Labrador, Canada covering approximately 1,575 hectares.
For further information, please refer to the Company's disclosure record on SEDAR+
(www.sedarplus.ca) or contact the Company by email at [email protected].
On Behalf of the Board of Directors
"Lawrence Hay"
President and CEO
Tel: 778.317.8754
Email: [email protected]
Forward-Looking Information
Certain statements in this news release are forward -looking statements, including with respect to
future plans, and other matters. Forward -looking statements consist of statements that are not
purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such information can generally be identified by the use of forwarding-looking
wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the
negative thereof or s imilar variations. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be incorrect. Events or circumstances
may cause actual results to differ materially from those predicted, as a result of num erous known
and unknown risks, uncertainties, and other factors, many of which are beyond the control of the
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Company, including but not limited to, business, economic and capital market conditions, the ability
to manage operating expenses, and dependence on key personnel. Such statements and
information are based on numerous assumptions regarding present and future business strategies
and the environment in which the Company will operate in the future, anticipated costs, and the
ability to achieve goals. Factors that could cause the actual results to differ materially from those
in forward-looking statements include, the continued availability of capital and financing, litigation,
failure of counterparties to perform their contractual obligations, loss of key employees and
consultants, and general economic, market or business conditions. Forward -looking statements
contained in this news release are expressly qualified by this cautionary statement. The reader is
cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward -looking statements, whether as a result of new
information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.