Vancouver, British Columbia, April 10, 2024 – Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the “Offering”) for gross proceeds of $1,204,000. In connection with completion of the first tranche of the Offering, the Company has issued 24,080,000 units (each, a “Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the Company at a price of $0.25 until April 10, 2026.
Read MoreVancouver, Canada, April 4, 2024 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce that, with the recent Yandera license renewal through 2025, the Company has commenced an internal project optimization review while discussions continue with potential strategic partners to advance the Yandera Copper Project to Definitive Feasibility Study.
Read MoreVancouver, Canada, March 19, 2024 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce that with the recent Yandera license renewal through 2025, the Company has commenced discussions with several potential strategic partners to advance the Yandera project to Definitive Feasibility Study.
Read MoreVancouver, Canada, February 21, 2024 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce that further to the Company’s news release of December 11, 2023, Papua New Guinea’s outgoing Minister for Mining, the Honourable Sir Ano Pala, approved the renewal of the Yandera Copper Project’s Exploration License 1335 (“EL”) through November 19, 2025, in accordance with the regulatory processes prescribed by the Papua New Guinea (“PNG”) Mining Act.
Read MoreVancouver, Canada, December 11, 2023 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce Papua New Guinea’s Minister for Mining, the Honorable Sir Ano Pala, has approved the renewal of the Yandera Copper Project’s Exploration License 1335 (“EL”) through November 19, 2023, in accordance with the regulatory processes prescribed by the Papua New Guinea (“PNG”) Mining Act.
Read MoreVancouver, Canada, December 7, 2023 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce that Dr. Nathan Chutas, Senior Vice-President of Operations for Freeport Resources, and Tobias Kulang Thomas, Senior Advisor to the Company, will be attending the Papua New Guinea Resources and Energy Investment Conference, to be held December 10th to 13th 2023, in Sydney, Australia.
Read MoreVancouver, Canada, September 19, 2023 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to announce the Mineral Resources Authority (“MRA”) of Papua New Guinea (“PNG”) is scheduled to conduct a Technical Site Visit for the renewal of Exploration License (“EL”) 1335, which covers the 245.5 square kilometer concession comprising the Company’s wholly-owned Yandera Copper Project.
Read MoreVancouver, Canada, September 12, 2023 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company”) is pleased to provide an update on the Wardens Hearing process for the renewal of Exploration License EL1335 which covers the 245.5 square kilometer concession comprising the Yandera Copper Project, located in Papua New Guinea (“PNG”).
Read MoreVancouver, British Columbia – (April 27, 2023) – Freeport Resources Inc. (the “Company”) is pleased to announce that it has closed a fourth and final tranche of its non-brokered private placement offering (the “Offering”) for gross proceeds of $633,455.70. In connection with completion of the final tranche of the Offering, the Company has issued 12,669,114 units (each, a “Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share, and one-halfof-one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the Company at a price of $0.10 until October 26, 2023.
Read MoreFreeport Resources Inc. has closed a third tranche of its non-brokered private placement offering for gross proceeds of $280,000. In connection with completion of the third tranche of the offering, the company has issued 5.6 million units at a price of five cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share of the company at a price of 10 cents until Sept. 30, 2024.
Read MoreRead MoreFreeport Resources Inc. has received notification from the Papua New Guinea Mineral Resources Authority (the MRA) of the renewal of exploration licence EL 1335, which covers the concession comprising the Yandera copper project. The renewal was granted with effect from November 20 th, 2019 for a term of two years ending November 19 th, 2021.
Freeport Resources Inc. has closed a second tranche of its non-brokered private placement offering for gross proceeds of $633,000. In connection with completion of the second tranche of the offering, the company has issued 12.66 million units at a price of five cents per unit.
Read MoreFreeport Resources Inc. has closed the first tranche of its non-brokered private placement offering for gross proceeds of $1,417,816.65. In connection with completion of the first tranche of the offering, the company has issued 28,356,333 units at a price of five cents per unit.
Read MoreVancouver, British Columbia – (January 9, 2023) – Freeport Resources Inc. (the “Company”) announces that it will offer up to 60,000,000 units (each, a “Unit”) by way of a non-brokered private placement, at a price of $0.05 per Unit, for gross proceeds of up to $3,000,000. Each “Unit” will consist of one common share, and one-half-of-one common share purchase warrant (each whole warrant, a “Warrant”). Each “Warrant” is exercisable to acquire an additional common share of the Company, at a price of $0.10, for a period of eighteen months.
Read MoreFreeport Resources Inc. will not proceed with a further renewal of exploration licence No. EL 1312, previously granted by the Papua New Guinea Minister of Mining. The licence represents the key tenement within the Star Mountains property, and it will be allowed to lapse in accordance with its existing terms.
Read MoreVancouver, British Columbia – (January 20, 2022) – Freeport Resources Inc. (the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange for the extension of share purchase warrants exerciseable at a price of $0.10 (the “$0.10 Warrants”) and $0.40 (the “$0.40 Warrants”). The $0.10 Warrants were previously scheduled to expire on June 4, 2022, and will now expire on June 4, 2025, and the $0.40 Warrants were previously scheduled to expire on February 10, 2022, and will now expire on August 10, 2025.
Read MoreVancouver, British Columbia – (January 20, 2022) – Freeport Resources Inc. (the “Company”) is pleased to announce that it has received approval from the TSX Venture Exchange for the extension of share purchase warrants exerciseable at a price of $0.10 (the “$0.10 Warrants”) and $0.40 (the “$0.40 Warrants”). The $0.10 Warrants were previously scheduled to expire on June 4, 2022, and will now expire on June 4, 2025, and the $0.40 Warrants were previously scheduled to expire on February 10, 2022, and will now expire on August 10, 2025.
Read MoreVancouver, British Columbia – (September 17th, 2021) – Freeport Resources Inc. (the “Company”) is pleased to announce that its applications to extend Exploration Licenses EL 2467 Mt. Abemh, EL 2001 Benstead and EL 1781 Mt. Scorpion, have been granted by the Minister with effect from December 2nd, 2020, December 20th 2020 and March 12th, 2020, respectively for a term of two years. The PNG Mining Cadastre Portal indicates that the renewal for EL 1335 Yandera is awaiting Ministerial Endorsement.
Read MoreVancouver, British Columbia – (August 23rd, 2021) – Freeport Resources Inc. (the “Company”) is pleased to announce that its application to extend Exploration License Number EL 1312 has been granted by the Papua New Guinea, Minister of Mining with effect from September 20, 2020 for a term of two years.
Read MoreVancouver, British Columbia – (June 28, 2021) – Freeport Resources Inc. (TSX-V: FRI; FSE: 4XH; OTCQB: FEERF) (“Freeport”, or the “Company”) is pleased to announce that it has signed a definitive share purchase agreement (the “Purchase Agreement”), dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to
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