Great Atlantic completes sampling at New Brunswick

Executive Summary

• Great Atlantic Resources reported new tungsten‑bearing scheelite occurrences at its Flume Ridge claim in southwest New Brunswick, including historic drill intercepts and recent rock sampling results.
• The company announced the closure of two tranches of its May 1 2025 private placement (flow‑through units and hard‑dollar units), raising a total of $249,875, and confirmed no further shares will be issued for this financing.

Key Details

• Flume Ridge Claim Overview
• One of eight 100% owned mineral claims comprising Great Atlantic’s southwest New Brunswick tin‑tungsten property.
• Historical data (2009) showed two drill holes intersecting 0.608 % W (0.76 % WO₃) over 0.57 m and 0.557 % W (0.70 % WO₃) over 0.65 m.

• 2009 trenches exposed scheelite‑bearing quartz veins; a 2018 bedrock grab returned 1.58 % W (1.99 % WO₃); a 2020 float boulder sample returned 1.66 % W (2.09 % WO₃).

• 2025 Rock‑Sample Program

• Collected 28 rock samples from float boulders, subcrop, outcrops, and historic trench strips during spring‑summer 2025.
• Preliminary UV‑lamp scans identified scheelite mineralization in several shallow trench samples.
• Some subcrop/outcrop samples are highly altered (silicified) and contain pyrite sulphide mineralization.

• Samples have not yet been analyzed; they will be sent to a certified independent lab for gold and multi‑element analysis, including tungsten.

• Technical Review

• David Martin, P.Geo., VP Exploration and qualified person under NI 43‑101, approved the technical information in this release.

• Financing Closure (follow‑up to May 1 2025 announcement)

• Flow‑through tranche: 1,764,707 units at $0.085 per share; gross proceeds $150,000. Each warrant allows purchase of one additional common share at $0.12 for 24 months; hold period until Oct 11 2025.
• Hard‑dollar tranche: 1,536,542 units at an implied price yielding $99,875 gross proceeds. Each warrant permits purchase of one additional common share at $0.10 for 24 months; hold period until Oct 6 2025.
• No further shares will be issued; the remaining portion of the financing will not be pursued.

Notable Quotes

• “Great Atlantic comes with a history of tungsten experience… we own 100 % of these assets under Great Atlantic and are now seeking partners to advance the projects, while we focus our primary efforts on developing the Golden Promise mine.” – Christopher Anderson, CEO.