BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT Not for Distribu on to U.S. News Wire Services or Dissemina on in the United States
BUSCANDO UPDATE ON PORTFOLIO EXPANSION, EXPLORATION LAUNCH AND
CLOSING THE FIRST TRANCHE OF THE PRIVATE PLACEMENT
Not for Distribu on to U.S. News Wire Services or Dissemina on in the United States
Vancouver, BC – June 17, 2025 – Buscando Resources Corp. (“ Buscando ” or the “Company ”) (CSE: BRCO),
a North American mineral explora*on company focused on cri*cal metals and the rapidly growing sector
of natural hydrogen, is pleased to provide a comprehensive corporate update highligh*ng recent por/olio
expansion, ongoing field ac*vi*es, and key upcoming milestones. The Company also confirms the
successful closing of the first tranche of its previ ously announced non-brokered private placement
financing (the “ Private Placement ”), as disclosed on April 29, 2025.
Recent Highlights:
Expanded explora*on plan being developed to incorporate the results from the recent advanced
airborne magne*c survey and inversion modelling to model targets on the Foggy Mountain
property and review and compila*on of historic data on the nearby Star Project;
The proposed explora*on project on both the Foggy Mountain and Star Projects is an*cipated to
begin in mid-July;
The Company has closed the acquisi*on of Element One Hydrogen Ltd (“ Element One ”); and
Closing of first tranche of the Private Placement, s trengthening its financial posi*on to advance
explora*on and development ini*a*ves.
“We are entering a new phase of Buscando’s growth st ory ,” stated Brad Kitchen, President of Buscando
Resources. “From natural hydrogen to crical metals, the Company is building a forward-facing por olio
aligned with long-term energy and security priorie s in North America. Management has built early
momentum by acquiring assets and execung early-sta ge exploraon programs and is now focused on
execuon and creang value through discovery and innovaon .”
Corporate Update
The Company has expanded its asset base through the acquisi*on of Element One and its two North
American-based projects with natural hydrogen and c ri*cal mineral poten*al. Element One is a 100%-
owned subsidiary of Buscando and will be the vehicl e for expanded research and further acquisi*ons in
the exci*ng field of natural hydrogen.
The newly acquired Union Bay project in Alaska and the Star project in Bri*sh Columbia collec*vely span
over 4,800 hectares and offer dual poten*al: explora*on for cri*cal minerals - such as copper, nickel, and
PGEs - and naturally occurring geologic hydrogen.
At the same *me, Buscando has completed an early-se ason explora*on program at its Foggy Mountain
Project in Bri*sh Columbia. The Company is currentl y analyzing results—including advanced magne*cs,
inversion modelling, and target genera*on—which will guide upcoming geochemical surveys and poten*al
drilling campaigns aimed at iden*fying new zones of mineraliza*on in this highly prospec*ve region.
This dual-focus strategy posi*ons Buscando uniquely at the intersec*on of two macro trends: the global
race for cri*cal minerals supply and the accelera*ng interest in clean hydrogen as a next-genera*on energy
solu*on. With geoscien*fic collabora*on underway—including partnerships with research ins*tu*ons and
access to US and Canadian government-supported natu ral hydrogen and cri*cal mineral recovery and
extrac*on programs, Buscando aims to validate the p resence of hydrogen-hos*ng systems on its
proper*es.
In the coming months, Buscando will:
Release interpreta*ons from the Foggy Mountain geophysical program;
Launch desktop and field assessments targe*ng new hy drogen-accre*ve assets in mul*ple
loca*ons across North American;
Advance technology development and partnership discussions for Element One; and
Finalize planning for next-phase explora*on at priority targets.
Private Placement Tranche One
The Company issued 750,000 units (the "Units") at C AD$0.20 per Unit for aggregate gross proceeds of
CAD$150,000 (the "Offering "). The Company expects to close the balance of the financing prior to month
end. Each Unit is comprised of one common share in the capital of the Company (each a “Share ”) and one-
half of one common share purchase warrant (each a “Warrant ”). Each full Warrant will en*tle the holder
to acquire one (1) addi*onal Share (the “Warrant Shares ”) at an exercise price of CAD$0.30 per common
Share for a period of eighteen (18) months from the closing date, subject to an accelera*on clause in the
event the trading price of the Shares equals or exc eeds CAD$0.45 for a period of ten (10) consecu*ve
trading days. There were no finders’ fees paid in rela*on to tranche one close.
Certain Directors and Management of the Company pur chased an aggregate of 750,000 Units
CAD$150,000 in the private placement. The Company h as relied on the exemp*ons from the valua*on
and minority shareholder approval requirements of M ul*lateral Instrument 61-101 - Protec*on of
Minority Security Holders in Special Transac*ons ("MI 61-101 ") contained in sec*ons 5.5(b) and 5.7(1)(a)
of MI 61-101 in respect of such insider par*cipa*on.
The Company intends to use the proceeds raised from the Offering for the payment of the purchase price
pursuant to the Acquisi*on, review and comple*on of the phase 1 work program on the Foggy Mountain
Property, review and inves*ga*on of future poten*al property acquisi*ons and for general administra*ve
Company expenses. All securi*es that are issued pur suant to the Offering are subject to, among other
things, a hold period of four months and one day in accordance with applicable Canadian securi*es laws.
Qualified person
The scien*fic and technical informa*on disclosed her ein has been reviewed and approved by Jeremy
Hanson, PGeo., who is an independent consul*ng geol ogist to the company and a qualified person as
defined by Na*onal Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About the Company
Buscando Resources Corp. is an explora*on company f ocused on the acquisi*on, explora*on and
development of natural resource proper*es located in Canada. For more informa*on on Buscando please
contact the Company (+1 250-877-1394) or visit the website www.buscandoresources.com.
On behalf of the Board of Directors,
BUSCANDO RESOURCES CORP.
“Kyler Hardy”
Chief Execu*ve Officer
Email: [email protected]
This press release contains "forward-looking inform aon" that is based on the Company's current expect aons, esmates,
forecasts, and projecons. This forward-looking inf ormaon includes, among other things, statements wi th respect to the
compleon of the Company's Offering and exploraon and development plans and the closing of the Acquision, as ancipated
or at all. The words "will", "ancipated", "plans" or other similar words and phrases are intended to idenfy forward-looking
informaon. Forward-looking statements in this news release includes statements related to the Transac on, receipt of all
necessary regulatory approvals to the Transacon, s asfacon of the condions precedent to the Transac on, closing of the
Offering, the intended use of proceeds from the Offer ing, the payment of finders’ fees and issuance of se curies in connecon
therewith and related ma.ers. Forward-looking infor maon is subject to known and unknown risks, uncert aines and other
factors that may cause the Company's actual results , level of acvity, performance, or achievements to be materially different
from those expressed or implied by such forward looking informaon.
Neither the Canadian Securi es Exchange nor its Reg ula on Services Provider accept responsibility for the adequacy or
accuracy of this release.