VANCOUVER, British Columbia, March 16, 2026 (GLOBE NEWSWIRE) — Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), broadcasts that the Canadian Securities Trade has authorised the extension of the expiry date of a complete of seven,937,574 frequent share buy warrants (the “2024 Warrants”). Every 2024 Warrant entitles the holder thereof to amass one frequent share of the Firm at a value of $0.45 per frequent share. All different phrases of the 2024 Warrants, together with train value, will stay the identical. The 2024 Warrants have been issued pursuant to a non-public placement that closed on March 18, 2024 (please see the Firm’s press launch dated March 18, 2024 for extra particulars). The expiry date of the 2024 Warrants have now been prolonged to March 18, 2027 (the “Extension”).
No motion can be required on the a part of the holders of the 2024 Warrants to offer impact to the Extension, and alternative warrant certificates is not going to be issued. Authentic warrant certificates have to be introduced to the Firm in an effort to train any of the 2024 Warrants.
One of many administrators of the Firm is the useful proprietor of 263,118 of the 2024 Warrants and, due to this fact, the Extension could represent a “related party transaction” pursuant to Multilateral Instrument 61-101 – Safety of Minority Shareholders in Particular Transactions (“MI 61-101”). The Extension is exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 because the truthful market worth of the Extension doesn’t exceed 25% of the Firm’s market capitalization.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration firm devoted to creating shareholder worth by way of the acquisition, exploration, and growth of vital mineral tasks in Canada. The Firm owns or has pursuits in 23 tasks and extra claims masking roughly 272,849 hectares with appreciable publicity to potential uranium, gold, nickel, and copper discoveries. The Firm is led by an skilled administration staff and board of administrators with vital experience in capital elevating and advancing mining tasks.
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Greenridge has one of many largest uranium property portfolios in Canada consisting of 14 tasks and extra potential claims masking roughly 196,338 hectares. The Firm has alternatives to understand worth in an extra 9 strategic metals tasks which embody, gold, nickel, and copper exploration properties totalling roughly 76,511 hectares. Property highlights embody:
The Black Lake Uranium Mission, positioned within the NE Athabasca Basin, (40% Greenridge, 50.43% Uranium Vitality Corp., 8.57% Orano Canada) noticed a 2004 discovery gap (BL-18) return 0.69% U3O8 over 4.4m.1The Hook-Carter Uranium Mission (20% Greenridge, 80% Denison Mines Corp.) is strategically positioned within the southwest Margin of the Athabasca Basin, sitting ~13km from NexGen Vitality Ltd.’s Arrow deposit and ~20 km from Paladin Vitality’s Triple R deposit.The Gibbons Creek Uranium Mission hosts high-grade uraniferous boulders positioned in 2013, with grades of as much as 4.28% U3O8 2, and the McKenzie Lake challenge noticed a 2023 prospecting program return three samples which included 844 ppm U-total (0.101% U3O8), 273 ppm U-total, and 259 ppm U-total.3The Nut Lake Uranium Mission positioned within the Thelon Basin contains historic drilling which intersected as much as 9 ft of 0.69% U3O8 together with 4.90% U3O8 over 1ft from 8 ft depth.4 In 2024, Greenridge’s prospecting program positioned a float pattern that returned 31.13% U3O8, sourced from the Tundra Exhibiting.5The Firebird Nickel Mission has seen two drill applications (7 holes totaling 1,339 m), the place gap FN20-002 intersected 23.8 m of 0.36% Ni and 0.09% Cu, together with 10.6 m of 0.55% Ni and 0.14% Cu.6
The Firm has strategic partnerships which incorporates properties being operated and superior by Denison Mines Corp. and Uranium Vitality Corp. The Firm’s administration staff, board of administrators, and technical staff brings vital experience in capital elevating and advancing mining tasks and is poised to draw new traders and lift future capital.
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On Behalf of the Board of Administrators of Greenridge
Disclaimer for Ahead-Trying Info
Ahead-looking statements and forward-looking info regarding any future mineral manufacturing, liquidity, enhanced worth and capital markets profile of Greenridge, future development potential for Greenridge and its enterprise, and future exploration plans are primarily based on administration’s affordable assumptions, estimates, expectations, analyses and opinions, that are primarily based on administration’s expertise and notion of traits, present situations and anticipated developments, and different components that administration believes are related and affordable within the circumstances, however which can show to be incorrect. Assumptions have been made relating to, amongst different issues, the worth of uranium, nickel, copper, cobalt, gold and different metals; prices of exploration and growth; the estimated prices of growth of exploration tasks; Greenridge’s capacity to function in a secure and efficient method and its capacity to acquire financing on affordable phrases.
The Canadian Securities Trade (CSE) doesn’t settle for accountability for the adequacy or accuracy of this launch
