# Abasca Resources Announces Engagement of High Grade Mining Consulting Ltd. and Non-Brokered Private Placement of up to $3.0 Million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/abasca-resources-announces-engagement-of-high-grade-mining-consulting-ltd-and-no--d694e9e4-805f-4cf1-848c-659b88ed27f5 Original source: https://money.tmx.com/en/quote/ABA/news/6419376010960918/abasca-resources-announces-engagement-of-high-grade-mining-consulting-ltd-and-no Publisher: tmx Original announcement: 2026-02-13T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Abasca Resources Inc. - Ticker: ABA - Exchange: TSX - Region: Saskatchewan - Primary commodity: Graphite - Secondary commodities: Uranium - Document categories: Capital raise, Resource update - Extracted: 2026-09-19 08:16:30 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Abasca Resources Inc. has announced a non-brokered private placement of up to $3.0 million via the sale of 12,000,000 flow-through shares to fund exploration at the Loki Deposit. Additionally, the company has engaged High Grade Mining Consulting Ltd. to assist in preparing a Preliminary Economic Assessment \(PEA\) for the graphite deposit in Saskatchewan. Reasoning: The company is securing funding via a private placement and advancing technical studies \(PEA\) for its graphite deposit, while also noting uranium potential in the district. - Positive factor: Capital raise of up to $3.0M to fund exploration - Positive factor: Engagement of experienced technical consultant for upcoming PEA - Positive factor: Existing inferred resource of 11.31 Mt at 7.65% Cg Facts used in scoring: 2 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The Loki Flake Graphite Deposit contains an inferred resource of 11.31 Mt at 7.65% Cg. Evidence · text > comprising a total inferred resource of 11.31 Mt at 7.65 % Cg **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Technical information was reviewed and approved by Brian McEwan, P.Geo. Evidence · text > reviewed and approved by Brian McEwan, P.Geo, a Qualified Person ## Extracted facts Stored fact records: 1. Some facts used in scoring do not have a stored record. ## Resource Estimates (1) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/abasca-resources-announces-engagement-of-high-grade-mining-consulting-ltd-and-no--d694e9e4-805f-4cf1-848c-659b88ed27f5#fact-resource-facts-1) #### Identity - Region: canada\_sk - Reported Region: Saskatchewan - Ticker: ABA #### Resource scope - Estimate type: resource - Effective date: 2025-04-10T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:09364ec29e022ae84744 - Ownership percent: 100 % #### Resource Data - Category: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-13T00:00:00.000Z Reasoning: This is a restatement of a resource from a May 2025 technical report. Evidence · text > comprising a total inferred resource of 11.31 Mt at 7.65 % Cg #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.