Highlights
Increasing Norrland's land holding with the granting of the Liljendal Rare Earth Elements (REE) tenement; Geophysical work continues at the Vittantrasket and Pingisvaara gold projects; Re-logging historical drill core at the Junsele Battery Metals prospect.
The Liljendal Rare Earth Elements (REE) tenement, located in central
Many of the Rare Earth Elements, such as Holmium, Yttrium, and others, were first discovered in
The Company will conduct surface sampling and mapping with a view to defining drill targets in this well exposed area. This program will commence towards the end of the second quarter as weather permits.
The current geopolitical turmoil and rising energy prices are likely to result in western economies accelerating the shift towards the 'green economy' and reducing reliance upon fossil fuels. The electrification of the energy used to drive machinery is a key part of the energy transition and one of the most significant energy shifts in history. Magnet metals are central to this transition and critical to manufacturing applications such as electric vehicles and wind turbines. The location of critical rare earth materials will become significant factors in future supply chains. Prices of Praseodymium-Neodymium Oxide (NdPr) continue to rise driven by burgeoning demand and growing shortage of supply in
Gold Projects Update - Vittantrasket and Pingisvaara
Geophysical work is ongoing at Norrland's two gold-prospects in
Battery Metals Project Update - Junsele
The Company announced previously on
Junsele represents a virtually unexplored layered mafic complex with potential to host significant PGEs, nickel and copper.
The Company plans to re-log historical drillcore at the Junsele project to validate historical grades and to plan for future exploration.
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2022 will be a busy year for Norrland as we seek to further develop the four projects. I look forward to updating shareholders with exciting news as the year progresses.'
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed 'forward-looking statements.' Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made.
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