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Newpath Resources receives grant from OJEP to advance Alpha/Bravo near Lake Nipigon

Feb 1, 2024

Newpath Resources Inc. is pleased to announce that it has been selected to receive a $200,000 Ontario Junior Exploration Program grant from the Government of Ontario to support its exploration efforts on its Alpha/Bravo Project.

The project was selected for the grant under OJEP's critical mineral stream, which is aimed at facilitating the exploration of critical minerals within Ontario. Pursuant to the OJEP grant, Newpath can receive up to $200,000 to cover 50% of certain eligible exploration costs on the Project. 

"Ontario's competitive advantage to be a leading global supplier of critical minerals lies in our commitment to investing in exploration," said George Pirie, Minister of Mines. "Through our government's Ontario Junior Exploration Program (OJEP), this $200,000 investment in Newpath Resources Inc.'s Alpha/Bravo project will help facilitate the exploration of critical minerals, like lithium, which are needed for the made-in-Ontario supply chain that will change our world, fuel the future, and reshape our economy."

Alexander McAualy, Newpath's CEO states, "Newpath would like to acknowledge the Government of Ontario for its financial support which has allowed the Company to conduct exploration in areas of the province prospective for lithium-cesium-tantalum ("LTC") pegmatite deposits. The receipt of the grant funding represents a meaningful milestone, underscoring the government's support towards advancing the exploration of Newpath's Alpha/Bravo Project."

Qualified Person

The technical content of this news release has been reviewed and approved by Douglas S. Turnbull, P.Geo., the Company's COO and a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Newpath Resources Inc.

Newpath is a Canadian exploration company listed on the Canadian Securities Exchange under the symbol PATH. Newpath's early-stage Orefield critical metal exploration project, which is composed of three claim groups (Alpha/Bravo, Charlie and Delta), totals 3,180 claim units covering approximately 67,448 hectares (approximately 674 square kilometres) west and southwest of Lake Nipigon in Northern Ontario. The company also wholly owns the Northshore gold project located in the Schreiber-Hemlo greenstone belt.

Tags: Northern Ontario / Exploration / Metals / All Articles