Northwire Canada EditionFriday, October 16, 2026
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GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
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Abasca Announces Filing of Technical Report Regarding Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit and Private Placement of $2.25 Million

Abasca advances its Loki graphite project toward feasibility with a prefeasibility study filing and a $2.25 million placement advance.

By The Northwire Desk — AI Analysis Sep 23, 2026 · 07:00 ABA · 0.09 Abasca Resources Inc.
Executive Summary

Abasca Resources Inc. filed an independent NI 43-101 technical report accompanying a Preliminary Economic Assessment (PEA) for its 100%-owned Loki Flake Graphite Deposit in Saskatchewan. The PEA outlines a 19-year open-pit mine producing an average of 66,500 tonnes of 95% grade graphite concentrate annually.

Base case economics at US$1,450/tonne graphite yield an after-tax NPV of US$130 million, an after-tax IRR of 16.7%, and cumulative after-tax free cash flow of ~US$662 million. The mineral resource estimate stands at 6.99 million tonnes Indicated and 15.83 million tonnes Inferred at 8.27% and 6.93% Cg, respectively.

Concurrently, the company announced a non-brokered private placement to raise up to $2.25 million via 9,000,000 flow-through shares at $0.25 per share. Proceeds will fund ongoing exploration, pilot plant operations, and environmental data collection. The offering includes a four-month hold period and up to 6% finder's fees.

Material Impact

Abasca Resources Inc. (ABA) announced its Preliminary Economic Assessment (PEA) on August 19, 2026, with the formal regulatory filing of the technical report and a follow-on financing released on September 23. The economic metrics and resource figures remain consistent with prior announcements, maintaining the project's fundamental outlook.

To support the company’s "Fast-Track Roadmap to Production," Abasca completed a $2.25 million placement. This routine capital raise extends the cash runway but introduces dilution at $0.25 per share, a price significantly above the current trading range. The market expected this news, which confirms progress without providing unexpected, market-moving catalysts.

ABA · Price
Company Overview

Abasca Resources Inc. (ABA) is an exploration and development company focused on the Loki Flake Graphite Deposit within the Key Lake South Project in northern Saskatchewan. The project is located 15 km south of existing Key Lake mill infrastructure, providing proximity to power, water, and highway access.

The company is transitioning from grassroots exploration to project advancement, having completed a PEA and initiated pilot plant and metallurgical testing. Management includes CEO Dawn Zhou, former founder of Athabasca Potash which was acquired by BHP; VP Exploration Brian McEwan, formerly of NexGen Energy; and Board Chair Dave Billard, who has previous experience with Cameco and JNR Resources.

Read the original news release →

More from Abasca Resources Inc.

Sep 29, 2026 · 17:03

Abasca secured $2.25 million for Loki graphite drilling, with insiders leading the subscription to advance the project.

Financings Aug 28, 2026 · 07:00

Abasca files an NI 43-101 report and begins summer drilling at its Loki graphite deposit.

Resource Estimate Aug 19, 2026 · 07:00

Abasca’s preliminary economic assessment confirms $130m graphite economics despite $307m capital expenditure and ongoing going concern risks.

Technical Study Jul 31, 2026 · 07:00

Abasca insiders fund $3 million in graphite exploration as the preliminary economic assessment nears completion.

Financings Jul 20, 2026 · 07:00

Abasca raised $3 million at a premium to fund a preliminary economic assessment and drilling at its graphite project.

Financings Jul 14, 2026 · 07:00

Abasca upgrades resources and confirms the Thor Zone, advancing the PEA timeline despite tight cash runway constraints.

Resource Estimate