OR FOR DISSEMINATION IN THE UNITED STATES Lancaster Resources Increases Offering
NOT
FOR
DISTRIBUTION
TO
UNITED
STATES
NEWSWIRE
SERVICES
OR
FOR
DISSEMINATION
IN
THE
UNITED
STATES
Lancaster
Resources
Increases
Offering
February
28,
2024
Vancouver,
British
Columbia
-
Lancaster
Resources
Inc.
(CSE:LCR
|
OTCQB:LANRF
|
FRA:6UF0)
(the
“Company”)
is
pleased
to
announce
that
it
is
increasing
the
total
amount
of
its
offering
of
a
non-brokered
private
placement
that
was
previously
announced
on
January
19,
2024
from
$200,000
to
$400,000
(the
"
Offering
").
The
proceeds
from
the
private
placement
will
be
used
for
exploration
at
the
Alkali
Flat
Lithium
Brine
Project
in
New
Mexico,
marketing
publicity,
additional
property
acquisitions
and
exploration,
renewable
energy
and
DLE
testing
and
development,
salaries,
consulting
fees,
travel
expenses
and
debt
settlement.
Finders
fees
of
up
to
8%
cash
and
8%
warrants
may
be
paid
to
finders
in
connection
with
the
Offering.
All
securities
issued
as
part
of
the
Offering
will
be
subject
to
a
statutory
hold
period
of
four
months
and
one
day
from
the
issuance
date.
This
news
release
does
not
constitute
an
offer
to
sell
or
a
solicitation
of
an
offer
to
buy
any
of
the
securities
in
the
United
States.
The
securities
have
not
been
and
will
not
be
registered
under
the
United
States
Securities
Act
of
1933,
as
amended
(the
“U.S.
Securities
Act”)
or
any
state
securities
laws
and
may
not
be
offered
or
sold
within
the
United
States
or
to
U.S.
Persons
unless
registered
under
the
U.S.
Securities
Act
and
applicable
state
securities
laws
or
an
exemption
from
such
registration
is
available.
About
Lancaster
Resources
Inc.
Lancaster
Resources
(CSE:LCR
|
OTCQB:LANRF
|
FRA:6UF0)
is
engaged
in
exploring
and
critical
minerals
to
take
advantage
of
the
global
shift
towards
decarbonization
and
electrification.
Lancaster
has
rights
to
acquire
100%
of
the
Alkali
Flat
Lithium
Project,
near
Lordsburg,
New
Mexico,
USA,
a
set
of
claims
approximately
5,200
acres
(8.1
square
miles)
in
size
that
Lancaster
is
exploring
for
concentrated
sub-surface
lithium
brine
deposits.
Lancaster’s
vision
is
to
produce
Net
Zero
Lithium
using
direct
lithium
extraction
technology
powered
by
solar
or
geothermal
energy.
Lancaster
owns
the
Catley
Lake
Uranium
Project
and
the
Centennial
East
Uranium
Project,
both
in
the
Athabasca
Basin
in
Saskatchewan,
Canada.
Lancaster’s
project
portfolio
includes
the
Nelson
Lake
Copper
Project
in
Saskatchewan,
Canada,
held
through
its
subsidiary
Nelson
Lake
Copper
Corp.
Lancaster
also
has
rights
to
acquire
the
Trans-Taiga
Lithium
Property
located
within
the
James
Bay
lithium
district
of
Quebec
and
Guiding
Lancaster’s
journey
is
a
skilled
management
and
technical
team
with
collective
involvement
in
over
15
commercial
mineral
discoveries
and
endowed
with
extensive
experience
in
the
creation
of
lithium
brine
targets
and
the
exploration
and
development
of
exploration
projects
across
Canada,
the
American
West,
Mexico,
and
South
America.
Penny
White,
President
&
Chief
Executive
Officer
Lancaster
Resources
Inc.
Email:
Tel:
604
923
6100
Website:
www.lancaster-resources.com
Cautionary
Statement
Regarding
Forward-Looking
Statements
Certain
statements
contained
in
this
press
release
constitute
forward-looking
information.
These
statements
relate
to
future
events
or
Lancaster’s
future
performance.
The
use
of
any
of
the
words
“could,”
“expect,”
“believe,”
“will,”
“projected,”
“estimated,”
and
similar
expressions
and
statements
relating
to
matters
that
are
not
historical
facts
are
intended
to
identify
forward-looking
information
and
are
based
on
Lancaster’s
current
belief
or
assumptions
as
to
the
outcome
and
timing
of
such
future
events.
Actual
future
results
may
differ
materially.
In
particular,
the
ability
of
Lancaster
to
execute
its
exploration
plans,
obtain
exploration
and
drilling
permits,
raise
capital,
retain
key
personnel,
identify,
acquire,
explore,
and
develop
high-quality
mineral-rich
properties,
and
integrate
sustainable
energy
sources
and
innovative
technologies
for
climate-positive
resource
production
constitute
forward-looking
information.
Actual
results
and
developments
may
differ
materially
from
those
contemplated
by
forward-looking
information.
Readers
are
cautioned
not
to
place
undue
reliance
on
forward-looking
information.
The
statements
made
in
this
press
release
are
made
as
of
the
date
hereof.
Lancaster
disclaims
any
intention
or
obligation
to
publicly
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information,
future
events,
or
otherwise,
except
as
may
be
expressly
required
by
applicable
securities
laws.
The
Canadian
Securities
Exchange
has
not
reviewed,
approved
or
disapproved
the
contents
of
this
news
release.